Times Independent | 1923-05-10 | Page 2 | Germany Offers Thirty Billion

NEW GERMAN proposition SO FAR FROM satisfactory FRANCE MAY REJECT proposal referred to limit of ability to pay provide provides for three in ter loan loans pay ment to oe be in gold berlin germony Gerr annys e latest depara lon ion offer proposes pro loses oses that the sum to tal of her obligations in cash anil and kind under the I 1 eT esal sailles lles treaty be flied at cold gold marls marks the german government in a note not made public here wednesday simultaneously with its receipt by the entente and dashington ton govern ments meats propose proposes that twenty billion billions of the total be raised before july 1 1927 by a bond isue issue at sit normal ratel rates of interest on the international mon ey market live billion billions would be raised before july 1 1 1029 in the same manner find and the remaining sum similarly before july 1 1931 1931 the note asserts that germany in accordance with existing treaties will also make payments in kind which are re to be credited to her ac count the note expresses the gov ern eminent ments i conviction that the new proposal proposals represent the utmost limit of germanys capacity to pay and expresses grave doubt doubts as to whether the offer does not exceed her ability in view of the heavy dislocation and weakening of the delch economic organization caused by the ruhr occupation cu the new german propositions for a reparation settlement are so far from acceptable to france that a flat tint rejection ejection of them li Is regarded by persons close to premier poincare as in evitable evi this rejection it Is stated will probably be followed by an ex tension of the occupation on the right bank of the rhine