Word: ruhr
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German liners are once again making Boulogne a port of call on their westward cruises. German ships stopped using French ports when the Ruhr was occupied...
...economic convention was opposed by the Socialists who have consistently opposed nearly every item of French policy (Ruhr, etc.), of which M. Theunis has been the most ardent and consistent supporter. But the Socialists have only 68 votes. In order to oust M. Theunis they needed the votes of the extreme Flemish Catholic party. This they finally received-not so much on account of the specific economic convention as on account of general anti-French feeling which has been growing in Belgium as a result of the failure of French policy to bring good cheer...
...reliable authority that No. 1 experts will recommend the French to take a mortgage on the German railway system which, it was estimated, can produce a net profit of 800,000,000 gold marks per annum. It will also be recommended that France relinquish her hold on the Ruhr, that Germany be granted a moratorium for cash payments. On the other hand, the experts were reported to have decided that Germany can pay about $1,125,000,000 annually after three years, that she must levy higher taxation, that a gold bank must be established. They found Germany "run down...
...These final measures are the ransom France must pay for a policy in the Ruhr which has prevented any settlement of the reparations problem. They are a confession of failure. It was the Ruhr occupation which caused depreciation of the franc; if the franc improves it will not be thanks to the measures now being voted but to the work of the experts and consequent abandonment of the policy which France inaugurated 14 months...
...German Ambassador to France was withdrawn on Jan. 10, 1923, as a protest against the occupation of the Ruhr. Dr. von Hoesch was left at Paris as Chargé d'Affaires...