[?]RMAN CONDITIONS

Rotorua Morning Post, Volume 2, Issue 314, 30 August 1932, Page 5

[?]RMAN CONDITIONS

Assn.-

iOVEMENT NOTED VON PAPEN SAYS BOTTOM OF DEPRESSION REACHED ppRESSHNG TERRORISM

-By Telegn-.ph. — Ccey.:Iglit).

Rerliit, August 28. rns of improvement indicate jie bottom of the depression ifsn reached, and all efforts invigorate industry will cont to ali actual revival," said von Papen iit a broadcast [whidh wds relayed throughjrmany outlining ihe Governj propdsals for assisting in- , and absorbing unemployed. von Papen prefaeed his ecoMgramme with a bitter attack flazis. Referriiig to the Beu;ntencesy he declared that he •posed to an arbitrary use of rin the interests of one class y. "That is the Marxists' con- ■ which I reject, even if it is :>& by the Nazis. The impulsive ;iiess manifested by Herr Hitjiclamation does not speak in of his claims to the leadership Government. I do not coneede ■right to consider the minority ;g his flag as constituting the i nation and to regard all 33 outlaws. jm resolved to mete equal (l usipg foree if niecessary. determined to extinguish the iering fires of civil war and iss the increasing unrest and Is of violence which ar,e hinGermany's reconstruction." dovernment desired no devaluf the reichsmarlc by currency ;ents. The main point was to > deflation, which had caused lyment. Loan Abandoned >li the Government proposed jnsive programme of public it realised that relief schemes not abolish unemployment; ;e, it aimed to induce private ito employ more workers. ijea of a compulsory loan to 100,000,000 to finance the Govt's plans had .been abandoned acticable. i proposed to enlist the existid resources of industry by reto the taxpayers, in the form icates, all taxes calculated to production, such as turnover, j and transportation taxes, leen November 1932, and Nov1933, amounting to £75,000,000. irs would be entitled to bor:ni the Reichbank amounts i to these certificates, which ■ used in business, and be reIwen 1934 and 1938. In addii, 000,000 would be advanced to •ploying more workers, on the • £20 per year for each additorlcer. It was hoped by these ■5 to absorb a total 1,750,000 ;yed. •yers would be authorised to •es, but not below the minicessary for existence, and con- ; on the savings being used >e additional employees. von Papen concluded with a [that though the Government :3here to constitutional prinit declined to surrendel- its 1; to tactical manoeuvres of istag parties.