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GERMANY AFTER THE WAR.

•PREDICTIONS BY A PRUSSIAN FINANCIAL EXPERT.

lii a pamphlet on the way to restore'' German prosperity after the war. Walter Rnthonau, chief of t!!c Allgemeine Elektrizitatsgesellschaft and lately head ofthe Prussian Department of War Material, publishes some remarkabio admissions aad predictions. As summarised" by mail advices, he estimates that tha. war will have reduced the German na-; tion's wealth 20 pet cent. Yet very.j Heavy taxation must ibe imposed aa everyone, although Germany will proVj ably have lost aS her foreign trade, «&-! cept with her preueiiv allies. This taxation will involve new annual revenues off £ 350..000,000—whereas the total menus; before the war (exclusive of loans) vraa £1^,800,000. To restore her wealth after tha war, all capital must be reserved for horaei uses. No ra>w material of foreign pro/" duction must 'be used. Everyone not. actually needed in professional or Intel- •„ lectual work must bo made to engages in productive labop.' ©mall undertakings will have to be amalgamated into large ones, production and distribution concentavoed; and the tax on luxuries ami inheritances must hear an oxijMoaljj heavy burden.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/TDN19170813.2.27

Bibliographic details
Ngā taipitopito pukapuka

Taranaki Daily News, 13 August 1917, Page 5

Word count
Tapeke kupu
181

GERMANY AFTER THE WAR. Taranaki Daily News, 13 August 1917, Page 5

GERMANY AFTER THE WAR. Taranaki Daily News, 13 August 1917, Page 5

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