GERMANY'S DEFICIT.
• A DEDUCTION EFFECTED. < Bj Telecraoh-Press Association-Oopyrißhl (Rec.'' August; 25, 9.25 p.m.). . Berlin, August 25. The estimated deficit in the German Budget has been reduced to This is duo to an increase of £3,500,000 in the Customs, and nominal reductions in the expenditure.
The financial reforms which were carried last year in Germany have failed to produce the expected results,' and the Imperial revenue is not sufficient to meet the growing expenditure. The enormous cost of maintaining the army and increasing • the navy is responsible for Germony's financial difficulties. Any proposals for fresh taxation would, bo intensely unpopular, and excellent propaganda material for the Socialists in proparing for tho election of 1011.
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Dominion, Volume 3, Issue 905, 26 August 1910, Page 5
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113GERMANY'S DEFICIT. Dominion, Volume 3, Issue 905, 26 August 1910, Page 5
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