ECONOMIES IN GERMANY.

Press, Volume LXVI, Issue 20101, 3 December 1930, Page 11

ECONOMIES IN GERMANY.

LAWS PROMULGATED BY DECREE. THE POLITICAL SITUATION. (UKITED PRESS ASSOCIATION —lIV ELECTRIC TELEGRAPH—COI'mIGHT.) (Received December 2nd, 8.30 p.m.) BERLIN, December 1. President Ilindenburg has signed a decree promulgating the finance measures for which the Chancellor, Dr. liruen.ng, found it impossible to obtain a Parliamentary majority. His opponents regard this action as dictatorial, though legal. The Kepubl'can constitution, however, provides that the decree must ije tabled in the Reichstag and cannot be modified, but must lie either accepted or rejected. If rejected. the President m;:st withdraw, which is out of the question, or the Hciclistag must dissolve. President Ilindenburg and Dr. Bri:en.ng, in risking a hostile vote, uly upon tho l'car of the political parties of the Hitlerites and the realisation that defeat will endanger Parliamentary Government and render a lY.scist dictatorship possible. Cabinet sat for eleven hours before coming to the decision to appeal to i'i csident Ilindenburg.

Tho decree covers 2G laws, forming a thr:.'e years' proo-rnmme of financial and economic reforms.

[Plans for balancing the German Budget included the following proposals: A 5 per pent, increase in the income; tax on all incomes of more than marks; a special tax on bachelors and on spinsters; an additional tax of 2; per cent, on taxable incomes of public officials and employees; sliorten.n<_i of the period allowed for payment of the tobacco tax cuts in the 1930 budget totalling 100.(XX).000 marks; and the saving resulting from an overestimate of the deficit in the 1920 budget. 35.000.000 marks. The total increment of 4Ro,nO'> 000 marks will be used to cover a deficit amounting to 4P4.000 000 mark's, and onn°titnted by tbe followiii" items:—A deficit arisin'rr from iinoTiTilnyniont insurance benefits and pencv fv, r ro l!of 0( - nnemrloytetilliii" inonro.ooo marks: 'a decline in revenues of 160,000,000 marks below the estimates.]