RAW MATERIALS
GOVERNMENT MONOPOLY
PREFERENTIAL ENTRY
BERLIN, March 24. As the first step in the operation' of new measures to protect the finances, the Government has prohibited the importation # o£ wool, cotton, and other fibres pending the appointment' of a controller, which is believed to foreshadow a. Government monopoly, under which essential raw materials will enjoy preferential entry. ' ' Meanwhile it is rumoured', that new purchases abroad have been banned till May 5. .."'-.■■ Thirteen laws, promulgated overnight, include' a reduction of income' and unemployment taxes on fathers of three or more children, resulting in, an increase of £15,000,000 in their spending power; also, companies in future pay: ing a higher dividend than 6 per cent, must invest an amount equal to the excess in State loans. " , A further curtailment of foreign exchange, allotments to German importers now brings the reduction to 30 per cent, of. the specification in the standing authorisations, which were already lowered 5 per cent, in March. This new blow to international trade was, according to Dr. Schaeht, inevitable owing to the decline in the Eeichsbank 5s exchange holdings. .
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Bibliographic details
Evening Post, Volume CXVII, Issue 72, 26 March 1934, Page 9
Word Count
181RAW MATERIALS Evening Post, Volume CXVII, Issue 72, 26 March 1934, Page 9
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