WAR REPARATIONS.

Waikato Times, Volume 109, Issue 18347, 5 June 1931, Page 7

WAR REPARATIONS.

GERMAN MANIFESTO. AN APPEAL FOR SYMPATHY. RUTHLESS ECONOMIES SHOWN. United Press Assn. —Elec. Tel. Copyright BERLIN, June 4. On the day of the arrival in London of the German Chancellor, Dr. Bruening, and the Foreign Minister, Dr Curtius, a manifesto will be issued which is generally interpreted as being the first move towards the reduction or suspension of reparation payments. The British United Press says the publication is intended to excite British and world sympathy. Germany will show her ruthless economies in enforcing an attempt to avert a financial oollapse. * The manifesto will outline her drastio economies, amounting to £15,000,000, the increased taxation, amounting to £36,000,000, and the reduction in raihvaymen’s wages of £4,000,000. A report from Berlin on May 26 stated that the Chancellor and the Foreign Minister, when they visited the British Prime Minister, Mr MaoDonald, at Chequers on June 6, Intended to press for a reduction in reparation payments. Germany now expects a deficit of £50,000,000 at the end of the current financial year. Dr. Bruening’s Cabinet in November evolved an “ eoonomio and financial plan ” which was designed to cover the estimated deficit in the Budget, and to assure equilibrium for three years, by far-reaching financial reform's and drastio economies. In an interview in October Dr. Bruening said the German Government did not envisage a revision of the Aoung Plan, nor intend to seek a moratorium. But if the economic orisis continued and the financial plan did not succeed — and It went to the limit—he could not predict what might happen.