GERMANY.

Taranaki Daily News, 15 July 1919, Page 5

GERMANY.

A CAPITAL LEVY^ FROM 10 TO G5 PER CENT OF WEALTH, By Telegraph.—Press Assn.—Copyright. Received July 14, 0.5 p.m. Berlin, July 12, Herr Erzberger's capital levy aims at securing £4,500,000, taking 10 to 65 per cent, of fortunes and jewels over £2500. —Aus.-N.Z. Cable Assn. ■■ )• y ' WORLD ECONOMY NECESSARY TO BIND PEOPLE TOGETHER. Berlin, July 13. Count Bernsjorff, writing in the Demokratißche Deutscheland, advocates a league for the revision of 'the .treaty. Germany's foreign policy must be constantly directed to building up a league, hoping Vhat the new world order will establish a world economy extending beyond frontiers and binding the peoples together. German policy would bo directed to the side of America, where the idea of a peaceful league is, a living reality. America alone is able, to provide the necessary financial means to Invigorate such a political economy.

The Germans must convince America that the old militaristic Germany is buried and that the new Germany does not intend to play the role of ' apostle of a Socialistic world revolution. Without America's help it will be almost impossible to restore the German economy. SOCIALISTIC REVOLUTION QUITE A FAILURE. Received July 15, 1.40 a.m. London, July 14. The Daily Chronicle's Weimar cor* respondent states that -the' orthodox Socialists' revolution in Germany has failed. The scheme for socialisation have been abandoned. The- failure of socialism is serious, as Germany expected so much. It is almost as if the November revolution had never been. Germany, says the correspondent, is incapable of revolution.—Aus.-N.Z. Cable Assn. ARMISTICE WITH JUGOSLAVS. Received July 14, 8.5 p.m. Berlin, July 10. An armistice has been concluded between the Gennan-Austrians and the Jugo-Slavs,, the latter evacuating Kla-genfurt.—Aus.-N.Z. Cable Assn.