THE DEMAND FOR MONEY.
An eminent financier has just said that, if the war goes on for another year, half the world will “go broke.” Our bill for last August totalled three millions a da;y. Likewise Austria, Russia, and France. Germany cannot obtain loans from abroad, and is consuming her own fat. How lean that fat is ■ becoming may be guessed by the fact that she is commandeering ail the gold in the realm, from household jewels to trade coins. When France n ied to float a national loan in the United States, the underwriters had two-fifths left on their (hands. The public bought only a third of the fifty millions offered.
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Bibliographic details
Taihape Daily Times, Volume 7, Issue 319, 27 October 1915, Page 7
Word Count
112THE DEMAND FOR MONEY. Taihape Daily Times, Volume 7, Issue 319, 27 October 1915, Page 7
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