HIGHER GERMAN WAGES
BETTER LIVING STANDARD (Australian and N.Z. Press Association) LONDON, Tuesday. The Berlin correspondent of tho “Morning Post” comments on the statement made in the Reichstag by the Foreign Minister, Dr. Stresemanu. that the final reparation settlement must be one not exceeding Germany’s capacity to pay from her resources, and not endangering the standard of living of her people. Discussing the factors which the experts must consider, he says Germany has been able to increase her Budget expenditure very substantially in 1928. The industrial production in 1928 was roughly 25 per centum above the average for 1924 to 1926. The standard of living and the wages of skilled and unskilled workers, and the savings banks deposits had risen materially. On the other side of the picture, Germany’s net borrowings from abroad from January 1, 1925, to May 31. 1928, amounted to £242,5110,000, almost exactly equivalent to the amount paid out in the reparation annuities.
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Sun (Auckland), Volume II, Issue 517, 21 November 1928, Page 9
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156HIGHER GERMAN WAGES Sun (Auckland), Volume II, Issue 517, 21 November 1928, Page 9
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