Evening star., 1924-01-25
NEW GOLD BANK HAILED.
Germans, However, Demand Ad-
justment of Reparations.
By the Associated Press.

By the Associated Press.
BERLIN, January 25.-The prospec-
tive gold currency bank suggested by
the experts committee in Paris al
ready Is provoking lively discussion
in bourse and banking circles here.
although the advance comments are
wholly based on Cursory dispatches
from Paris which pretend to reflect
the approving opinions of the British
and American experts of the program
outlined to them by DR.. Schacht,
president of the Reichsbank.
Pending the return of DR.. Schacht
and the outcome of present conversa-
tions, Berlin official quarters decline
these deliberations or to forecast the
governments success in furthering
the organization of the proposed new
bank without aid.
Want Bank in Germany.
Critics point out the desirability OF
having the institution located with
in Germany and also demand that its
majority in order to protect the ma
tion's economic organization from
undue foreign control or influence.
Now that the plans are assuming
concrete outlines. most OF the f1nan-
cial writer's assume that further dis
cussion of a Rhineland bank with
Franco Belgian participation is def
nitely disposed of. as the new ma
tional bank must be accorded an ex-
elusive monopoly in occupied as well
as unoccupted Germany to preclude
friction.
Berlin bankers, who consented in
formally to discuss Schacht's plans,
are reported in accord. merely differ
ing In respect to some OF the tech
nioal features of organization. Pri-
new gold currency issue at consid-
erably in excess of 100000. 900
marks. and even propose a capital of
|,2o0,oo0.O00 marks, which would net
q per capita average of 20 gold
marks, as compared to Germany's
pre-war circulation Of 80 marks on
the basis of national population OF
6o.000.000. New gold CURRENCY of
1900, 100000. 1t is considered, would
meet Germany's postwar require
ments.
Rcntemark Is Problem.
:, One problem concerns the DISPOSE
ton of the rentemark, which now is
Iunctlonlng as the vanguard for the
proposed gold mark. Even if the
gold currency is actively fioated, it is
neiieved the rentemark will parallel
!t 1or brief time. gradually permit
tnough both currencies will enjoy
equal parity.
The advent of the new gold hank
VIII witness the establishment of an
auxiliary institution in the nature of
conversion bank to absorb paper
marks f"pe'
some of %he more critical estimates
Or the plans point out that all plans
70 rehabilitate the nations finances
and erect a new gold currency bank
Are doomed unless Germany is as
sured tol/rable adjustment of repa-
!Iatlon anI occupation and that her
lno9strleS and commerce are accorded
sumcieTt freedom to vouchsafe per
NanenI equilibrium for the nations
bbusSets and a healthy recovery OF
her export and import activities.
No securely founded gold currency
IT Is stated. will succeed which is
subjected to political heckling and
punItiVe extortions from abroad,
Wnlle on the other hand no gold cur
Tency which Is destined to rank with
tne established moneys of other coun-
tries can indefinitely survive shocks
and Jars emanating from a CONTINUE
ousiy disturbed internal economic sit
uation. ST.