REPARATIONS.

Star (Christchurch), Issue 16902, 29 November 1922, Page 7

REPARATIONS.

FRANCE’S DRASTIC DECISIONS.

3y Telegraph—Pres* Association—Copyright Australian and N.Z. Cable Association. (Received November 29. 8.50 a m.) PARTS. November 28. It is now coufirmed that M. Millermci presided yesterday over a. secret inference which was attended by M. Poincare, M. Barthou, the Chief Minsters, Marshal Foch and other mili- | bary chiefs. The conference discussed : the action to be taken in the event of, Germany's continued failure to meet ber reparation obligations. Tt is understood that it tras decided. ! if the Brussels Conference- ended unsat- j isf act only, that France would seize the occupied Rhinel&nd provinces, ex- j pel nil German officials, and also oc- j cupv two-thirds of the Ruhr \ alley, in- j eluding Essen and Bochum. The order j would directly affect, German industrial--its' interests and would enable Trance j to dispose of the coal and coke to which I she is entitled under the Treaty. j GERMAN FINANCE. By Telegraph—Press Association —Copyright j Australian and N.Z. Cable Association. j (Received November 29, 9.15 a.m.) j PARIS. November 28. I The Berlin correspondent- of the . • Petit Parisien ’' says: Government < irclo*s have abandoned, the idea of seeking an immediate foreign loan of twenty milliard gold marks, and have decided to seek half a milliard, together with a three or four years' moratorium in order to stabilise finance and enable a larger loan to bo borrowed later. NEW FRENCH SCHEME. By Telegraph—Press Association— Copyright United Service. (Received November 29. 9.50 a.m.) .LONDON. November 28. An international loan floated by world finance, to be divided between Germany and France, is. according to the “ Daily Mail’s” Paris correspondent. France’s latest reparation scheme. Jr, also proposes a moratorium for Germany for five years. 'Die French share of tiie loan will be in lieu of German payments, while the Germans’ share will be utilised to stabilise the mark and industry, and enable Germany to discharge her obligations. The scheme provides for the cancellation of all French debts to the Allies for the purchase of war stores. France, agreeing to cancel all Allied debts to her. The Daily Mail ” says that a high London financial authority considers that the scheme is impracticable and impossible for Great Britain to carry out without bankruptcy, and points out that, if Germany were granted a moratorium she would not need a loan.