GERMANY'S SHABBY PURSE.
PLAN TO MEET HER TROUBLES. » ■EUROPE TO COMBINE. By Telegraph.—Press As»n.—Copyright. Berlin, Nov. 4. The Frankfurter Zeitung declares that France's financial situation and her credits abroad are decisively influenced by Germany's inability to meet her financial obligations. The war enterprise has been a failure for all the European Powers, and the whole of Europe must combine to bring uie failure to an end. The only means is a true League of Nations buiit on as economic basis. [Herr Erzeberger, German Minister for Finance, delivering the 1919 Budget statement in the National Assembly, stated that the expenditure amounted to 79,000,000,000 marks (£3,950,000,000) compared with a revenue in 1918, totaljj®B 9,000,000.000 marks (£450,000,000). The national debt totalled 200,000,000 marks (£10,000,000,000), on which the ' n^ est cllar ge was' approximately 9,000,000,000 marks (£450,000,000). The amounts in pounds sterling are based on the nominal equivalent, 20 marks—£l, In October, 1913, Germany's total funded debt amounted to 4,802,242,000 marks .(£240,112,100).]
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Taranaki Daily News, 7 November 1919, Page 5
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158GERMANY'S SHABBY PURSE. Taranaki Daily News, 7 November 1919, Page 5
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