LONDON CONFERENCE

Waihi Daily Telegraph, Volume XVIII, Issue 6158, 2 March 1921, Page 2

LONDON CONFERENCE

THE GERMAN REPARATIONS DR. SIMON’S PROPOSALS. TURNED DOWN BY ALLIES * (Australian and N.Z. Cable, i (Received 9.3 b a.m.) LONDON, March 1.

The German Foreign Minister, Dr. Simons, stated, that Germany was not in a position td accept the Paris proposals, which were based on too transient a conception of German industry. Fifty- milliards of gold marks was all that Germany was able to pay. Germany estiifiated that she had already palid twenty milliards’, and’ suggested that the remaining thirty miliards should be provided by an international loan of eight milliards, (the (remaining twenty-two 'to be capitalised, Germany paying the interest and sinking fund. Mr Lloyd George (Prime Minister of England} - intimated that the Allies could not discuss any alteration to the Paris proposals

GERMANY’S DIFFICULTIES. (Received 9.30 a.m.) LONDON, March 1. On being invited later by Mr. Lloyd-George to speak, Dr Simons said that Germany, was unable to accept the Paris proposals in (their present form. He continued: “We have a fundamental difficulty in raising our industry effectively to the maximum in order to pay the amount, while on the other hand preventing German competition being a danger to other nations. The German Government, ‘taking the Paris proposals as a. starting point,,' had arrived at very different conclusions. The Paris proposals imposed annuities of six milliards of gold marks, and this must be' paid by 'the surplus 'exports. Experts were agreed that in order to pay the annuities German exports would regime to be four times greater than the annuities. This ratio was chiefly due to the necessity for importing raw material and food.”

THE GERMAN STATEMENT

(Received 8 a.m.) LONDON, March 1

The German Foreign Minister, Dr. Simona, wasjsurprised to hear of to-day’s engagements. He says he- wanted to get to bed early, but will be obliged to work most of the night in Crider to have his statement ready. He thought he had '.until Wednesday to prepare, tthe Statement.'

THE SEVRES TREATY

(Received 8 a.m.) LONDON, March 1

The Daily Express states that the Allies have agreed to modify the Sevres Treaty in Turkey’s favoufi, and that the Turks' have accepted the alterations.