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Show UNEELL JEERS I REPARATIONS AGREE1T English Economist Argues It's Impossible for Germany To Pay BY Mii.ton BRONNER maSh?N l2- states- That is how Normaji Angel I Kng-ish Kng-ish economist and author ot" "Tun Economic Chaos and the Pcae-ireaiy Pcae-ireaiy - ami other works, character-l.es character-l.es the $55,000,000,000 German rp-arations rp-arations agreement reached by th- allies and to be Presented to Genua-,-. .SJf t,onon oonferehc ihi- month Theoretically." he says "Germans can nay the sums fixed bv the iilUes All she needs is to expand her export trade sufficiently over her import lntl sc can pay any Bum the allies ask. I "But. in so doing she would have I 0 "wamp the allied and neutral coun- , i'l v,,th German mafnufactured . I goods. EFFECT o 1LLIE6 I That would inlurthe allies home . trade, olose their factories, paralyse! ii' ir apital and aggravate unemplov-: , ment. .u Thc' a,,iCf; couldn't afford that. In' their reparations agreement they took positive Steps to prevent M bv nHiin. I laiing ;i 12 per cent levy on Oerftian ! exports, 'So. in one breath, by demanding cru;. indemnities, the allies bid Uci-i Uci-i "any break all vorid records ln foreign for-eign trad-, and in the 'next breath . y this export levy, thev erect a wall preventing German trade expansion. Us only by making exports e ; mports that Germany can pa anv-hlne;. anv-hlne;. in the last analysis sik- irfusH i pay in goods." . I SEIZ1 ui OF RAD - Angell was asked Whether the ill j couldn't get something tangible iis I seising German railways, river su by ers and canal boats. am- ' The allies could do thai " i plied, "but it would get thim r.o.,e rc-tou rc-tou can"t export the GorniaJwiiere. I ways and sell them Outsldr, r II-George II-George recently pointed out, i Lloyi i practically paraphrasing pa thcreny my book. "The Groat lllusllges in ten .cars ago were ridlcuiy&n.' which1 of oui economists. I by some I "So the allies would hav railways to work in G?r to du-. the would be tho Germanaerman'-. lit! ship goods on them, an' who wo hid pay in paper marks. fl they would "The profits of ;b would be In paper nxese rai'rojadfl1 Ize anything from tharks. Tj rtal-l would have to spend ' em Lho ;.l!be for goods. Khem In Germany When Germany labor she competes pa s in gooua and ,rl'-'S. , with othr cOun- JtTST A S) "If Germany v GGESTION IV Ihtt ll,.llni,j..r. . U l.l I Shi would say s ties were 4mpossiblc J Ing to try to pi'lie was perfectly will- allies must heiy them, but first the I perfect ConditMp1 put the railways In Jiid It-thiTii,- ,,n. (.r.e Id i n- ; rood j stores of ra for her people, put in i factories loi- materials, set ail thc hands to wj operating and put all "That work. vastest hiv juld make Gerninnv the "When He of Industry In the world. tell the a'the Germans could smilingly i to check uies to send representatives ( they got! up everything and see that I over Inij every cent of excess exports do that (oils But the allies won I I "They I house In pvould be putting Germany's houses weitrfect order while thlr own Allied ,c ir. bad shnpo. ing foolish ooliticlans tnust stop raak-earth raak-earth The promises and et down to th- sooner .sooner they face thc fals work out its he world will be able to wreckage." salvation from the war's |