THE GERMAN MARK.

Star (Christchurch), Issue 16886, 10 November 1922, Page 4

THE GERMAN MARK.

LIMIT OF DEBT TO BE FIXED By Telegraph—Press Association—Copyr/ebd Australian and N.Z. Cable Association. BERLIN. November S. The international experts* memoran dum on the stabilisation of the mark suggests that the mark be fixed at three thousand to the dollar. Without a fixed mark, Germany’s economic problem will be unsolvable. It also suggests that the Reichsbank’s gold be utilised for re-buying German bank notes, thereby stabilising the currency, while a two years’ moratorium is considered necessary. LONDON, November 8. The “Morning Post’s” Berlin correspondent states that the essence of the scheme of the economic experts is that Germany be freed from all foreign payments under he Treaty. If shofit ops inflating the currency and increasing the floating debt. then, with the aid of the Reichsbnnk gold and such foreign credit as Germany can get, th*-* mark circulation will be reduced 1 buying in the marks offered, at a gold price. The .Reichsbank’s gold reserve, though email, is nevertheless three or four times the total of the note circu - lation. An international financial l consortium will he invited to assist in carrying through the scheme. An absolute limit must, be fixed to the floating debt which is increasing bv scores of milliards of marks weekly. The fresh financial needs of Germany must be met by funded loans.