Washington, Apr. 20.
While the Reparations impasse in Paris has disappointed official circles, a stronger word must be used to describe the feelings of Wall Street, where the anticipations of '2 favourable outcome were recently reflected in the strength" of th: bond market in preparation for the flotation of German obligations which would "be issued under the Proposed new reparations plan. Simultaneously industrial concerns, notably those dealing in motors, had completed plans, for extended operations in Germaty, which were largely dependent upon the settlement of the Reparations issue. Reuter.
German Experts Given Free Hand.
Berlin, Apr. 20.
Dr. Schacht and Dr. Voegier, the German experts on the Committes of Experts on Reparations, hat been summoned from Paris for conference with the Cabinet.
They will arrive here to-morrow morning, and will return to Paris. in- the evening.
Apr. 21.
Dr. Schacht and Dr. Voegler, the German experts on the Committee Experts on Reparations, who were summoned from Paris yesterday, had a consultation with the Cabinet today, when they clearly stated that the' memorandum presented to Reparations Committee contained no political suggestions.
The Cabinet renewed their an thority to the experts to exercise a free hand at the deliberations of the:
Reparations Conference.—Renter.
Why She wot Pay Paris, Apr. 22.
With reference to the message from Berlin saying that the German delegates on the Committee of Experts on Reparations, Dr. Schacht and Dr. Voegler informed the Ger= man Cabinet that the memorandum they recently presenta] to the Re) rations Committee contained political suggestions; nan memorandum in states hat, if Germany is to assume the payments enumerated In the plan submitted by Dr. Schacht without further increasing: her Foreign debt, he should be permitted "to recreate separation of a whole provi the rest of the Reich has so seriously affected the prosperity of the: Province in question that the Reich obliged regularly to subsidize it, "Consequently," the memorandum continues, "it' will be necessary. to agree to measures with a view to) combating these unfavourable conditions which are reducing G many's capacity to pay."
The Diplomatic correspondent of the Havas News Agency: comments that evidently the Germans wish to demand the full xovercignty: of the Reich over the former colonies ani also the Daw "corridor" and Upper Silesia, Points Agreed On Apr. 23. communique issued by the Committee of Repara states that it has been unsninowsly decided to appoint a sub-committee consisting of the head of each group, to draw up a report embodying the 's already. agreed.
meanwhile it all the groups will continue their efforts to reach an agreement on the points en which an accord has not yet been reached.—Meuter.
Germany's Gold Reserve Dwindling Paris, Apr. 24.
The Reichsbank discount Fate has! been raised' from 62 per cent. to]
per cent. This is a direct out come of the situation arising from recent exports of gold and Lills of exchange from Germany on stich a Tarie scale that the old reserve of the Reichsbank threatens to fall to the legal minimtes, According Parker Gilkert, the Arent:
[General for Germ ations, and members of the Committee of' perts on Reparations which is now session here, have been urging Dre Schacht, the head of Reparations deleitio silent of the Reichsbank, to ake urgent measures to rensedy' the Aight. of specie from German:
Previously. rench news) Schacht liberately maintained the Rei iscount rate at 6! per cent, with, the object of compromising: the Ger= tion and. thus hampering then Dawes Plan, following publication of the optimistic report cuncerninss Germany's economic position made by Mr. Parker Gilbert, the Agente General for Reparations, earlier this ear, The Transfer which deals with the apportionment of the proceeds. of Reparations among the Powers, met esterday under the chairmanship of Mr. 8, Parker Gilbert, Agent for Reparations. leved that the the situation of th Reichsbank, There have been exports of gold and bills of exchange from Germany during the past fey weeks on stich a large scote that fold reserve of the Reiehsb Tikelyto fall to the legal mini Thin no doubt i directly connected with the present Woe ut the Reparations Conference in Paris Finanela teles expen the opinion that the anxiety aroused by thet Alad-took has haved foreign bans withdrave their deposits Germany. by a subcommittee, consisting expected that the drawing
the heads of each group represented fu the. commits Reparations, of the points ni ready aweed, will ake three weeks, The Paris correspondent of the "Financlat iiex® days that, dure the courte of the discussions. whit took place at the meetings of the Reparations Eaperts' Commitisg during the past week, Sie- Josiah Stamp ant Sir charles Addis, tha British Delegater, were obi fight "teeth sand nail™ to defeat a strenuous attempt on the part of th French, Belgian and. Italian Tele rates to get allotted to their Feapective™ shaver the. amount of reparation "hn compensation the British Dominions 1
Text read from the printed page and cleaned; old type leaves the occasional error.