LESS FRIENDLY

Wanganui Chronicle, Volume 75, Issue 151, 29 June 1932, Page 7

LESS FRIENDLY

GERMAN MINISTERS COMMENT BY M. HERRIOT THE REPARATIONS PROBLEM PARTIES DRIFTING APART [By Telegraph—Press Association—Copyright] Received June 28, 11.5 p.m. LAUSANNE, June 28. 11. Herriot’s remark to German •urnalists, “Your Ministers are less ■'iocdly than they were two days ’ ’ sums up the situation at the Reparations Conference, and one requiring all Mr. MacDonald’s tact if a deadlock is to be removed. Delegates generally are doubtful whether the German economic proposals are now sufficiently weighty to influence French opinion. M. Herriot’s visit to Paris undoubtedly stiffened his attitude, as Herr von Papen’s visit to Berlin, combined with Italy’s support, is making Germany less conciliatory. INSISTENT GERMAN DEMAND COMPLETE CANCELLATION. LONDON, June 27. A message from Lausanne states that Germany is not yielding an inch over reparations. She demands complete cancellation as the only means of world recovery. A statement read by the Finance Minister (Count Krosigk) at a meeting of the French and German delegations stressed the exhaustion of Ger many’s resources and disputed the argument that cancellation would enable Germany to compete more effectively. He expressed readiness to participate in any scheme of European re construction. Signor Grandi has communicated with Mr. MacDonald, approving the policy of a clean slate, and stating that Italy has received less reparations than any nation. Cancellation must be applied to all with the consent of all. NOT ANOTHER CENT STRONG GERMAN BELIEF. LAUSANNE; June 26. It became increasingly evilent toj day that Germany believes it will never be necessary for her to pay another cent, of war reparations. Supported by Great Britain and Italy, the German delegates insisted on a clean slate. The German argument that has carried most weight with the international bankers is that the country cannot pay both reparations and private foreign loans, and must neglect aue for the other.