TROUBLE IMMINENT

Hokitika Guardian, 29 August 1932, Page 5

TROUBLE IMMINENT

GERMANY’S POLICY

REICHSTAG MAY BE DISSOLVED.

(United Press Association—By Electric

Telegraph—Copyright,.)

BERLIN, August 27

It is semi.officially announced that Chancellor Von P—pen will pay a visit to President Von H.Ciuenbmg on Monday and that it is in order to 10port on' affairs generally m Germany, and to receive a decree for the. d.ssojution of the Reichstag, such decree to 'iq used at the ChanceLor'-s dr-'cret.on, as it is regarded -as certain that violent scenes will mark the opening of the Reichstag.

T>ao rules provide that -th 6 senior members shall preside until the President has cho=en the new President of tho Chamber. The senior member of the -Reichstag -is now FTau Klara Zetkin (the working class advocate) who is known as “Mad Clara,” an who has lived, for some years, almost exclusively in Russia.

Both the Nationalists and the Nazis declare that they will not allow her to take the chair.

Claim says that she will be in Berlin on August 30th, and will be ready to preside', despite her- ,age, which is 76 years. Sho is infirm and nearly blind. The newspaper "Taglisch© Rundschau" says that the basis of tho Cabinet’s now plan for- economic salvation, rwh'cli is to be explained by Captain Von Pape-n on Sunday, will be the compulsory reduction of th e rates of interest -after a certain date. Ail contracts involving interest payments will be avoided, and the parties will have to negotiate new arrangements, failing iwhich an arbitrator will decide on the rates of interest- to be paid.

■lt is also suggested that a standard rate of interest of four per cent, all round will be -aimed -at.

Other papers forecast a strict quota system for Gorman imports, ©.specially of foodstuffs, and ,an ambitious plan by the Government to fi-nanc e the provision for employment by means of a compulsory loan, amounting to three or four per cent, on all property except the fixed capital employed in industry and agriculture. / Though the commercial/ press views these proposals with the 'gravest misgivings, the Bourse remains optimistic, the members contending that the gain to industry from an increased employment and an extension of credit would jutweigh, any drawbacks of a compulsory loan. »