GERMANY'S BURDEN.

Dominion, Volume 1, Issue 50, 22 November 1907, Page 7

GERMANY'S BURDEN.

MILITARY BUDGET.

AN INCREASE OF SEVEN AND A HALF MILLION'S. LOANS AND TAXATION. DY TEI/EaRAPB— PRESS ASSOCIATION—COPTRianT. (Rec. Nov. 21, 9.41 p.m.) London, Novombor 21. "The Timds" Borlin correspondent says it is becoming moro and more ovidbirt; in view of tho heavy deficit facing tho Empire annually, that fresh taxation is urgently required to terminate an untenable financial position. ■ (Rec. Nov. 22, 0.1 a.m.) Berlin, Novombor 21. The Gorman Budget for 190S shows' an increase of seven and a half millions sterling, which includes three millions for the-, navy, nearly three millions for the Army, arid nearly one milliori for tho colonies. The Chancellor (Princo Bulow) proposes to raise thirteen millions by means of a credit operation to meet riori-fcciirring extraordinary bxpbndituro. Hβ also proposes to issue bonds as needs arise, not exceeding seventeen arid a half millions, in order to strengthen tho extraordinary resources.

At tho same time ho reserves the right to propose new taxation.

Slackness in the German steel trade, Kfupp's reduction of hands, general depression, the anticipation of a hard, winter, arid the accumulation of national indebtedness have aU bean used by the Fronch Press as texts to point the moral that Germany caniiot continue her hoavy naval and military expenditure of the past fow years, which it is now proposed,to vastly increase. These . arguments; tlie Cologne Oazotte" anil other Berlin papers havo strongly combated.