PAYMENT OF INDEMNITIES

Taihape Daily Times, 21 May 1919, Page 3

PAYMENT OF INDEMNITIES

One of the arguments which lire Industrial Junkers arc using against the nationalisation of mines, water-power and electricity is that if these become the property of (the German State it will be easier for the Allies to claim and seize them for payment of indemnities, A project has just been put forward for “socialising” the private fire and life insurance companies of Germany. These possess tangible assets valued in aggregate at £500,000,000. The insurance interests argue that the enemy’s plan to “bleed Germany white,” in an economic sense, will be vastly facilitated if this lump sum of insurance property i s transferred to State ownership. It will be

useful to remind the Gierman peace hagglers, says the “Daily Mail” that the German Press has been boasting that in January of this year Hun savings deposits increased “by at least. £50,000,000. as compared to £62,500.000 in January, .1918.”