GERMANY.
TOTTERING TO A CRASH. GRAVE FINANCIAL POSITION; By Telegraph.—Press Assn.—Copyright. London, Jan. 31. The Berlin correspondent of the Daily News asked Herr von Gwinner, who is regarded as the Napoleon of German finance: "Is Germany going bankrupt?" He replied: "The general position is virtually bankruptcy, though this does not apply to the Treasury, which is forced to continue the use of abundant paper. The whole fabric of credit is tottering to a crash, and this will involve tlie whole of Europe, owing to its economic inter-dependence No sane British or French financier believes that Germany will be able to pay the indemnities specified, but, given breathing space, credits and raw materials, we shall ultimately pay a very large sum."
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Taranaki Daily News, 3 February 1920, Page 5
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120GERMANY. Taranaki Daily News, 3 February 1920, Page 5
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