NAZI ATTACKS ON BRITAIN

Dominion, Volume 32, Issue 155, 27 March 1939, Page 9

NAZI ATTACKS ON BRITAIN

“Failure Of Efforts At Encirclement”

PRESS IN JUBILANT

MOOD

Germany’s Living Space Still Insufficient (Independent Cable Service.) (Received March 26, 9.45 p.m.) BERLIN, March 26. The anti-British Press campaign is in full swing. Newspapers are jubilant at what is described as the collapse of British efforts to form an encircling coalition.

The failure is said to be because of military weakness. Small States, it is alleged, know that such a pact not only does not offer them security, but is a menace to their safety.

A semi-official declaration made yesterday states that it is no longer possible to force Germany to her knees by blockade. Germany’s living space was still insufficient to enable her to withdraw within her own frontiers. She must, therefore, continue to foster foreign trade.

Here begins the importance of the German-Rumanian treaty. Germany’s territory has been increased from 177,000 to 250,000 square miles. Recent events have assured her of the predominance in Europe of German industry, whose capacity is now al-, most equal to that of the United States of America.

Meanwhile, posters placed in the towns yesterday ' announce the calling up of the 1906-1008 classes for a two months’ refresher course. It is estimated that this involves between 500,000 and 600,000 men. It is understood to be a routine order. It is also announced that conscripts of the 1920 class residing abroad must return to Germany for compulsory labour and military service beginning on May 1.

PAYING TAXES IN ADVANCE

New German Plan To Get Revenue BERLIN, March 24. A new finance plan is announced today which provides for advance payments on future taxes by trade and industry with the object of enabling the Government to finance extraordinary expenditure. Non-interest-bearing tax bonds, the taking up of which is obligatory, will be issued in recognition of advance payments. The Secretary of State, Herr Reinhardt, announces that the plan will be used to finance provinces and towns, railways, post and telegraphs, and motor roads.

The decreased revenue resulting will be compensated for by increased income tax and decreased public expenditure. Reich loans will be issued only in exceptional cases. Delivery bonds will be abolished in May, 1939. The tax bonds will be issued in two series, the first of •which will be acceptable on their face value. Payment of taxes will be due six months after the issue, but the longer they are held the greater will be the reduction of tax.

An industry holding bonds for 10 months of one economic year will receive a tax reduction of 20 per cent. The second series will be acceptable for payment of taxes due after three years at 112 per cent, of their face value.

The first 'series is expected to be issued on May 1. An additional tax is announced of 3 per cent, on all incomes of more than £2OO.