GERMANY.
FINANCIAL PROPOSALS. A SIG LEVY. ON PROPERTY. By Telegraph.—Press Assn.—Copyricht. Received July is, 1.15 p.m. Berlin, July 9. Hcrr Erzebergcr, in his financial statement in the National Assembly at Weimar, stated that the Government did not intend to issue annual war loans. The first step in reconstruction would be the inheritance ,tax and a big levy on property. The year's expenditure would be 250,000,000,000 marks. He forecasted that there would be an increase in the Imperial income tax by 000 per cent. and of the States tar of about 100 per cent. The country must adopt ,the hardest economy and abandon the old financial devices of unproductive ei!penditure, abolish unemployment and grants to property owners, who. mußt bow ,to the Government's compulsion and give up all their superfluous riches. Germany should pay the last penny to preserve her credit, for which there was the most vital need.—Renter.
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Taranaki Daily News, 16 July 1919, Page 5
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148GERMANY. Taranaki Daily News, 16 July 1919, Page 5
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