GERMAN ITEMS
[Reuters Teleotiams.] A GERMAN SURPLUS. jlieee.’vod this day at 8.30 a.m.) BERLIN, January 2(3. The new Finance Minister, von Schliebeii, in his budget .statement, referred complacently to Germany’s financial miracle, hut insisted that unless tho taxes were paid, another currency collapse would be inevitable. He anticipated the year’s taxes would yield six milliards of gold marks ami denied that Germany was swimming in gold. The budget, for the first time since the war, showed a substantial surplus, which was abnormal.
Von Sehliebcn admitted paying Ruhr magnates huge compensation for damage during the French occupation which, unless lie paid for it would have forced one hundred thousand workers into starvation. The Socialists vigorously protested over the generous treatment of the magnates.
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https://paperspast.natlib.govt.nz/newspapers/HOG19250130.2.21.8
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Hokitika Guardian, 30 January 1925, Page 3
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122GERMAN ITEMS Hokitika Guardian, 30 January 1925, Page 3
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