PRECARIOUS PEACE.

Star (Christchurch), Issue 16918, 18 December 1922, Page 8

PRECARIOUS PEACE.

STABILISING EUROPE. I

CONFLICTING PROPOSALS. Telegraph — Press Association— Copyright ami N.Z. Cable As.« jc.iatiou <Re.-e, ved December IS, B.ft a.m.j LONDON. December it*. Jn consequence ol reports that American bankers propose raising a big He. on behalf of Hermanj, with the co-operation of the Anierienn Govern-

ment some importance is attached to the “departure tor Washington of Colonel Harvey American Ambassador u* Groat Britain, after a consultation iJ London with the American Ambassadors at Paris and Berlin. ifrhe British Government i> without official information regarding an Ameloan and the American proposal tup .summon an economic conference of the chiet countries of the world. jfThe British official attitude is cautfcus and even sceptical regarding the .Vjn erica u reports, m view of the lact tout a loan to Germany would be aharardous speculation until Germany stabilises the mark, and also in view of tie difficulty of Germany giving adequate guarantees for the repayment of the loan while the Allies, under the \*jfersailles Treaty. are able t*> seize German customs and other revenues to en--I'iyrre the payment of reparations.