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Show FEARFUL DEBT IS Allies Discussing Huns Ability to Pay Monetary Demands. Washington, Nov. is. study of Gcr many's financial situation has been undertaken under-taken by government agencies here, witl a view to throwing light on Germany': ability to make reparation for devastation devasta-tion of invaded countries. Unofficial reports re-ports Indicate that Germany's nationa debt, represented mainly by domestic wai . bonds, is now nearly ' $35, 000,000, UuO, oi , more than two-fifths of the estimated national wealth. Although there has been no intimatior of tiie amount which the allies will expect ex-pect Germany to pay, it is certain to run into billions of dollars, and necessarily the terms of payment must accord with Germany's ability to pay. This ability wili be measured by the nation's power to revive her industries and trade and to tax this for state purposes. The victorious allies will not concern themselves, primarily, it is believed, with Germany's redemption of her own national debt, since this is largely internal. Officials here do not believe the government gov-ernment will repudiate the internal Indebtedness, In-debtedness, but think rather that taxes will be made so heavy as to force citizens citi-zens to turn in their bonds in settlement. settle-ment. In this ay the debt would be cancelled without actual repudiation. There is some discussion of the advisability advisa-bility of the allies requiring payment or an indefinite amount for reparation, this sum to be determined in the future by commissions, as the physical reconstruction reconstruc-tion progresses. Interest on the part of American officials In the subject is somewhat some-what indirect, however, inasmuch as the government expects none of the payments to go its credit. |