GERMAN POLICY

Hokitika Guardian, 29 August 1932, Page 6

GERMAN POLICY

[POLICY OF VON PAPEN

BITTER ATTACK ON HITLERITES.

(United Press Association—By Electric Telegraph—Copyright.)

(Received this day at 11.15 a.m.)

BERLIN, August 2d,

‘SS-igns of improvement indicate that the bottom of the depression has been readied, and all efforts to m'nvigOrate industry, will contribute ito an actual revival,” said Von ahipen m a broadcast speech which was relayed throughout Germany, outlining the Government’s proposals for assisting industry and absorbing the unemployed. Von Papen prefaced his economy programme with a bitter attack on the (Nazis. Referring to the Beuthen sentences he declared that h e was opposed to the arbitrary use of ’law in the interests of one crass or party. “That is the Marxists’ conception which 1 reject. ’Even if it is advocated by the 'Nazis, the impulsive recklessness /iiianifested in Hitler’s proclamation does not speak in favour of Jlis claims ifor leadership in Government. Ido not concede,his right to consider .the minority following his flag as constituting the German nation, and regard all others as outlaws. 1 am resolved to mete equal justice, usijng iorce if necessary. I am determined to extinguish the smouldering’ fires of civil war, and ' -suppress the increasing Uri’rest, and acts of violence, which fire hindering Germany's reconstruction.”

DEVALUATION NOT DESIRED

VON PAPEN GIVES WARNING

BERLIN, August 28

Von Papen continued that the Government desired no devaluation of the Reichsmark by currency experiments. The main point was to end the deflation which caused unemployment. Though it proposed an extensive programme of public works it was realised that relief schemes coiTd not abolish unemployment. Therefore it aimed to induce private industry to employ more workers. The idea of a compulsory _ loan to raise £100,000,000 to finance the Government's plans had been abandoned as impracticable, and it was proposed to enlist the existing liquid resources of industry by returning to th e taxpayers in the form of certificates all taxes calcinated to hinder production, ■such as turnover of property, transportation Maxes due Between November 1032 find 'November ‘1933, amounting to £75,000,000. The taxpayers would be entitled to borrow from the Reiclisbank amounts' equivalent to the certificates which must be used in business, and be repaid between 1904-38. Additionally £35,000,000 would fit advanced to firms employing more workers on a basis of £2O a year for each additional worker. Tt was hoped to absorb A ‘ total of 1.750,000 unemployed. Employers--wool 1 d -be authorised, to cut wages, but not below’the minimum ' necessary for existence, and, conditionally on savings being used, to engage .additional employees. Von Papen concluded wit}, a warning that though the Government would adhere to constitutional principles, it declined to surrender its authority to the -tactical manoeuvres of Reichstag parties.