CRISIS IN REICHSTAG
GERMAN UNEMPLOYMENT FUND DEFICIT PRECARIOUS SITUATION Australian and N.Z. Press Association LONDON, Tuesday. The Berlin correspondent of the “Morning Post” says an atmosphere of crisis surrounds the reopening of the Reichstag today. A cordon of police is barring the approaches owing to the fear of an assault by Communist shock troops. The big issue of the session is unemployment insurance. This is in a serious position owing to a deficit of £14,000,000. The deficit has arisen out of the fact that the average unemployment now is 1,100,000, whereas it should only be 700,000. As there is an urgent necessity to make the fund solvent the Government proposes to find half the deficit and leave it to the employers and workers to share the other £7,000,000 by increasing their contributions. This proposed compromise was heavily defeated in committee yesterday’, only’ the Socialists approving it. The situation of the Government, therefore, is precarious.
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Sun (Auckland), Volume III, Issue 783, 2 October 1929, Page 9
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154CRISIS IN REICHSTAG Sun (Auckland), Volume III, Issue 783, 2 October 1929, Page 9
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