REPARATIONS BURDEN
GERMANY FACES HEAVY YEAR TRADE BOOM PASSED By Cable. —Presa Association. — Copyright. BERLIN, Thursday. Speaking in the Reichstag on the financial situation of Germany, the Finance Minister. Herr Heinrich Kohler, said the reparation payments were the main evil with which the German people were faced. The Dawes plan did not provide the final .solution which Germany demanded, in order to realise the exact nature of her obligations. Herr Kohler said: “The present Reich budget balances without an increase in taxation, but in my opinion the business boom has reached its climax. A gradual falling-off in trade is already noticeable. “The Government is considering the renewal of credits for the development of exports. The outlook for 1929 is more gloomy. as an additional £15,000,000 will be required to meet the Dawes scheme payments. “The Treasury will then lack the funds needful to balance the Budget. As an increase in taxation will be impossible the strictest economy is essential.—A. and N.Z.
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Sun (Auckland), Volume I, Issue 258, 21 January 1928, Page 1
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161REPARATIONS BURDEN Sun (Auckland), Volume I, Issue 258, 21 January 1928, Page 1
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