GERMANY’S NEW OFFER.

Star (Christchurch), Issue 17029, 1 May 1923, Page 8

GERMANY’S NEW OFFER.

PROPOSALS FOR PAYMENT. B.t Telegraph— Pren* Association--Copyr!*b» Australian and N.Z. Cable Association. j (Kecevfed May 1. 11.50 a.m.) LONDON, April 30. j The Berlin correspondent of “The j Times " says that Germany’s new j \ rations offer will !>e dispatched im- ! mediately after the meeting between j the Qhanoellor and Premiers of the federal States on Tuesday. I It is nearly identical with the ' Bergmanti scheme. It proposes to j pay 20.090.000.000 gold marks down. I to be raised ov means of an inter--1 national loan, and two instalment.*, I cac-h of 5.000,000.000 marks. The proposal .involves a guarantee from German industrialists, and would j envisage some form of mutual Franco- ! German disarmament. ! The industrialists have informed tin [ Chancellor that f the productive capa ! city of the country is sharply strained. • it is ju-x possible fto manage the 1 burdens imposed on industry under the ! Betgniann proposal*. This involves in creasing the hours of labour and other wise lowering the social standards of the workers. Such an attempt wouk probably invoke a clash, coming at i moment when workmen are about if agitate for a tery large increase in wages and demonstrate their adhesion to the principle of the eight-hour day.