GERMANY’S WEALTH.

Taihape Daily Times, Issue 220, 17 July 1917, Page 6

GERMANY’S WEALTH.

WELL ABLE TO MEET OUR BILE. “A book setting forth’the fiscal resources of Germany, and published in that country ’by Helfferich in 1913, should be of vast utility to the allies when drawing up their peace terms,’’ says the Paris correspondent of the Sunday Times.

“According to this statistacian, Germany’s wealth in that year was equivalent to sixteen thousand million pounds sterling. Her annual revenue totalled two thousand millions, of which she spent two-thirds, leaving a surplus of something like five hundred million golden pounds carefully packed away in the reserve chest.

“With a systematic form of post-war taxation, this gigantic yearly surplus could, M; do Yernuil estimates, be augmented by another two hundred and fifty millions, thus allowing the allies an annual war indemnity of £750,000, 000. That which Germany could accomplish before the war as regards her savings she will again perform, so that all the talk of a ruined Fatherland, unable to pay the great war bill, falls Into the domain of romance.’’