GERMAN ITEM?
HEILMAN INDUSTRIAL REACTION
(“Sydney Sun” Cables)
< Received this day at !).2n a.m.) LONDON, dune H
Follow jug tin- inllated mark period (h-rmany is suffering a liijr induslliai i(‘action. Tlio I ndust i iidisls spent the big proliU made during the inllation period. re-ei|iii|>| iug and modernising their laetories, hut they are now m. aide to work them on in;.; to a shortHire of capital. The prices ot most oood.s are too high to cxp-oit as they are above the world's level. The home trade has also slumped and credit is sever-dy rest in ted. the interest on loans ranging from IK to dO per cent. The liquidation el' large stocks is expected at a < iiiisiderahle loss, which will disturb international trade. The Finance .Minister's folicy aims at forcing down prices to enable (Icimany to com] etc in the world's markets.
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Hokitika Guardian, 9 June 1924, Page 3
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142GERMAN ITEM? Hokitika Guardian, 9 June 1924, Page 3
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