IN THE RUHR

Timaru Herald, Volume XCVIII, Issue 18084, 1 June 1923, Page 7

IN THE RUHR

Marks and Communists. LABOURITES’ VIEW. DDSSELDORF, TROUBLE. BY CABLE—PRESS ASSN.—COPYRIGHT Berlin, May 31. Newspapers learn that the Reichsbank refuses to continue to place gold reserve at the disposal of the Government for the purpose of supporting the mark, since the Government professes no control over the Ileichsbank on the ground that it is a private institution. This is taken to mean that the mark has been left to its fate. The Reichsbank evidently considers that the Government and the business world have failed in their duty to support the mark, and consequently refused to pour resources into a bottomless pit. THE COMMUNISTS. Communist activities in the Ruhr seem for a moment checked. Miners are returning to work and local authorities are forming new police organisations. Krupps are printing special notes for payment of workmen’s wages, owing to the recent seizuro by tbe French of 90 milliards of marks at the Essen branch of 1 lie Reichsbank. A Dusseldorf telegram states that the British Labourites, Ben Tillett, Chris Jones, and Warren completed a tour of inquiry of the Ruhr. They are preparing to report that they arc not impressed ' by the Communisl rising and state that the Bolslievix organisation is chiefly composed of young men. Even sincere Communists among the miners refuse to attach themselves to the movement. Tillett said it was an exhibition of spasmodic ruffianism.—A. and N.Z. Cable.

THE NEW SCHEME. By Cable-—Press Association —Copyright. (Received 10 p.in.', May 31.) London, May 30. The “Daily Telegraph’s” diplomatic correspondent says that it is the general feeling of the Allies that the German debt should be susceptible ol commercialisation to the utmost extent. Practicable commercialisation is the chief aim of the Belgian reparation scheme for establishing the fanning out of German State industries. “I gather from American circles that the tobacco monopoly might wel attract enerprising syndicates Iron the United States provided the entire system of monopolies is so framed as to avoid a political complexion.”—A, and N.Z. Cable. agriculture to the rescue, By Cable—Press Association —Copyright. (Received p.m., May 31.) Reuter, May 30. Following a meeting of represent., tives of agriculture, a delegate in formed Herr Cuno that the agricultural interests were preparedo to contribute two hundred million gok marks yearly towards the reparations