THE VALUE OF THE MARK.

Pukekohe & Waiuku Times, Volume 5, Issue 154, 10 March 1916, Page 3 (Supplement)

THE VALUE OF THE MARK.

Sonic remarkable facts ro Germany "n declining exchange were recently published in tho Now York Tribune on the authority of Mr Edwin Montague, secretary to tho Dritwli Treasury. Hi: said that "On October 1 depreciation of the mark in the lei m of dollars was about 1-' per tent.; in Doconib.H' it was !'.» to 20 per eei't. below par while Gcrmanys' exchange m Anisti rdaiu was r.iore than 20 per cent, below par. \\\> keep a chart in the Treasury, showing the statistical position of t!, • various exchanges since the wai began, :i;u! ue have continually to extend the char; in onler to prevent the dc-cmd-n» line which represent- roichsmaik tioiii disappearing below the bottom edge of the chart. What is the explanation of this fall in the value y'. the mark' One only is the liiiinufactiire and alms ■ nl paper credit. Tin in irk has lost .ill relation to the pohl standard If ibis ha- happened in the present condition*, what will be the value oi the mark when peace cine-, and the (" rinan importer tries to oxciumgo Irs depreeiat' .1 paper for goods from overseas? \Viil the mark then be worth 10 cents? In hi.s glowing peroration,' concluded Mi Men lugiio, "Di- HoifForich, tin nun Imperial S; cro'.nry of the Trea-ury, recalled the m< morics of the Thirty Y< uis." War. •We were sucked dry, plundered, beaten, cut up. hut we always work, d uiir vva»" up and grew together auain.' He looks iorward to tlse payability of such a cnclu-ion without lismay So

dii we. Ii Vs. rmany i-in-iv ; fro;:: this war in the -oit ol stai • -he iv ,r in alter the Thirty Yea,,' Wir, we -hall be able to hang up our swoid- again v. i'i \vr\ lutle iinxii :y Fur tin best part of a < eatery.