GERMANY'S DEBT.
NEW TAXES TO RAISE REVENUE. Berlin, Oct; 31. Herr Erzberger, delivering the 1910 Budget, stated that the expenditure was 79,000 million marks, compared with the revenue in 1918, totalling 9000 million. New taxes were estimated to yield 9000 million marks. The national debt totalled 200,000 million marks, on which the interest charge was approximately 9000 million. Herr Erzberger, during the Budget debate, stated that the debt from 1920 would amount to at least 212,000 million marks. Complaint was made that the Budget did not contain a definite sum to meet the cost of carrying ont the peace conditions. Herr Erzberger replied that Germany did not wish to give the impression that she was shirking obligations, which impression would be created if too small a sum was mentioned in the Budget. He emphatically declared that Germany wished to fulfil the treaty. Any inability of Germany to pay her liabilities would create a similar inability In France, and Tesvilt in an unheard of internal industrial crisis. The Budget was passed.—Aus.-N".Z. Cable Assn.
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Taranaki Daily News, 4 November 1919, Page 5
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172GERMANY'S DEBT. Taranaki Daily News, 4 November 1919, Page 5
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