ECONOMIC EXHAUSTION OF GERMANY

Dominion, Volume 9, Issue 2660, 4 January 1916, Page 7

ECONOMIC EXHAUSTION OF GERMANY

AMERICAN VIEWS GERMANY IS NEARER DEFEAT THAN BRITAIN IMAGINES By Telegraph—Press Association—Copyright . -("Times" and Sydney "Sim" Services.) (Rec. January 3, 5.5 p.m.) ' London, January 2. The, "Daily Telegraph's" correspondent in New York says the Press is ■unanimous in predicting that Germany is nearer defeat than Britain imagines. American sources of information from the Central Empires prove that the reserves of food and men in Germany have almost ended, and when exhausted she must collapse.- : Wall Street is confident the war will he ended in 1916. Bankers in constant touch with European capitals are most optimistic, and declare emphatically that Germany is already beaten, despite her military successes. All prominent American financiers say that commercially and economically Germany is tottering, and this is.Mected-in the extraordinary depreciation of the currency, while the necessities, of life in Austria and Germany have advanced 70 per cent., and are still rising alarmingly. Financial authorities in America are firmly. convinced that when the taxpayer is really hungry, the war must collapse. ; DEPRECIATION OF THE GERMAN MARK AND AUSTRIAN \ KRONEN. ' . ("Times" and Sydney "Sun" Services.) - London, December 31. •, ' The. Amsterdam correspondent of "The Times" says the value of the mark las again declined, and is now about 30 per cent. Austrian money "has depreci. ated 411 per cent. ' !