COALITION LIKELY
GERMANY’S FINANCE DRASTIC DEFENCE CUTS (Australian and N.Z. Press Association) BERLIN. Tuesday. The formation of n Coalition CaF inet in Germany is now believed to oe assured as the result of an agreement between the parties. This, it hoped, will avert the imposition of fresh taxation by securing a reduction in the Budget deficit. Drastic cuts in th> army and n« \ expenditure will result in the savinu of £1.600.000. Thu air estimates will be reduced by £1,000.000. The Bavarian National Party sistod in this arrangement by dropping its beer tax proposals. The German People’s Party aided by discarding its proposed impositions on property and inheritances. As a result of the cuts the doth it of £30,000,000 will now be reduced to £6,500.000. with which figure the People’s Party is reported to be satisfied. It originally demanded that the Budget should be balanced.
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Bibliographic details
Sun (Auckland), Volume III, Issue 634, 10 April 1929, Page 9
Word Count
144COALITION LIKELY Sun (Auckland), Volume III, Issue 634, 10 April 1929, Page 9
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