GERMAN CRISIS OVER

Wanganui Chronicle, Volume 74, Issue 142, 18 June 1931, Page 7

GERMAN CRISIS OVER

THE GOVERNMENT SURVIVES RE-DISTRIBUTION OF BURDENS. [By Telegraph—l’res Association—Copy right] Received Juno 17, 9.35 p.m. BERLIN, Juno 17. The Bruening Cabinet remains in office, and the crisis is regarded as oven The Chancellor promised to discuss with trade union representatives pro posals for a more equitable distribution of the burdens imposed by the emergency decree. The Bourse is firmer and most markets have recovered. WAR DEBTS SUGGESTED MORATORIUM LONDON, Juno 16. Coincident upon the return from New York of Sir George Paish, who thinks that things aro shaping towards a two years’ or perhaps a three years’ war debts moratorium, comes a suggestion from Berlin that the German Ambassa dors in France and Italy are now con ferring with the Chancellor after which they will return to their posts in Paris and Rome and open negotiations for an all-round suspension of reparations till 1934-35, in the hope of averting the August request for the Young Plan moratorium. The latter contingency largely depends upon the result of Mr Stimson’s visit to Italy.