6 JANUARY 1923, page 10

Next Follow Proposals For Dealing With The Inter- Allied...

(1) Gold deposits' now held by Great Britain as security for Inter-Allied debts are to be applied towards thereduction of these debts. (2) The First Series of German Bonds to be......

The Official Statement Of The British Plan For The General

settlement of reparation and European Inter-Allied debts was published in Wednesday's papers. To begin with, it proposes a moratorium for four years, during which time Germany......

Nor Is This All. If Armed Intervention Means, As It

almost certainly will, some violent political changes in Germany—very' probably in the direction of militarism —it may well have a similar reaction in France. If France were......

The News From Austria Seems At Last To Be Less

gloomy. The financial measures of the Government are un- doubtedly meeting with some success. The " gold loan " has already been half subscribed, measures are being taken to......

After Making Some Arrangements In Regard To The Pay- Ments

in kind to France and Italy, which, however, are to be kept as low as possible, the plan goes on to define the conditions to which Germany must agree if she is to be allowed the......

Speaking Generally, These Terms Must Be Considered Well...

are not, we believe, too lenient to Germany. They are not injurious to France, but dis- tinctly beneficial, unless inflated and therefore impossible claims are to be considered......

The Obligations Take The Form Of 5 Per Cent. Bonds

redeemable at call by the German Government—at the outset on easy terms, gradually rising to par at the end of thirty-two years. There is to be no sinking fund, but redemption,......