The Mena weekly star., 1921-05-05

back quickly the Entente should re ceive more than if our industry re mains at standstill.
 "We propose to pay the Entente a percentage of the difference between what Germany exports and what she imports. We drew up tentative scale of TO per cent of Germany's balance oi trade for the first ten years; 50 per cent for the next ten years and one third for the last ten years of thirty years payment.
 The Entente would be asked to es- tablish regular international re- ceivership, which would be empow- cred to make regulations to decrease exports, thus establishing larger balance with a proportionate larger indemnity. We ourselves are nearly powerless to set hard and fast limits to our exports. The German govern ment has had difficulties with France because we have tried to limit the soap, champagne, perfumes and IT, quors which We import from France, What Commission Could Do.
 "Last year we imported something like ten billion paper marks worth of coffee. If the German government puts a ban on coffee we will imne- diately get into trouble with Brazil. But the international receivership CT Preparations Commission could say: You are importing far too much cof- fee; you must cut it down to one fifth. The receivership can limit our x,.fe f~< ..I. sites They can say: You are im- porting too much gasoline for nleas- ure cars; cut it down. They VII not reduce our working efficiency becalse that will lower our ability to pay.
 "The world apparently has fear of German dumping or underselling. We will ask the countries to protect them selves if they think it necessary by protective tariffs, but not to choke our industries at the source, for that throttles omr ability to pay.
 "0f course this receivership win have the right to examine all our books to make sure that they are get ting their just share of the balance of trade. This is the very thing which some of the industriahsts are fight ing, for they know that the Entente would then see how they are evading taxation by keeping their money made on exports in foreign countries.
 Luxuries Must Stop.
 "The Entente will never be paid so long as Germany is permitted to blow in its money on luxuries The coun- tries which export these luxuries to Germany will protest if their import is stopped. The Entente receivership can maintain rigid control which the German government is too weak tc carry out; any government which i tried to follow this plan would be as- sailed from foreign exporters as wei as from within Germany.
 ''We believe that Lloyd George can, i not but approve of this plan. Brianc will probably object at first, but it is a wholesome program of world read. { iustment which will not damage tn. allies and gives them 8 just share oa any prosperity which Germany ma, achieve. As to the repayment of thu 10 per cent which will be paid by tn, foreign banks directly to the repara tions commissions, Germany win pas laws reimbursing the exporters.
 The principal thing we want is t,
 secure the recognition of this prin eiple of payment; the details can b.
 worked out later. How much tn
 allies will get depends upon their ad ministration of the receivership, an
 how fast German industry recovers
 But if German industry does not re cover, they'll not be paid anyway, an
 We believe this solves the problem.