GERMANY TO-DAY.

Taranaki Daily News, 15 May 1922, Page 4

GERMANY TO-DAY.

NO TRACE OF POVERTY. BUZZING LIKE A BEEHIVE. The following are extracts from a letter written to the Prime Minister of New Zealand (the Right Hon. W. F. Massey):— “I have 'been spending some months in Germany, and I can truthfully say the country is buzzing like a beehive. There is no poverty here, not the slightest trace of it. Everyone w well nourished and comfortably clad, but work is in abundance. f “In my’ opinion, when Germany s debts and obligations are whittled down, as they are being very surely whittled, down by her ceaseless and enormously powerful propaganda, working as an everlasting, universal, printing press, then she will undoubtedly be enormously wealthy, because, seeing the tremendous trade she is doing, there is absolutely no reason why the mark should not go back to its pre-war value, in which case the savings of the German people will represent a truly fabulous sum. Whether our financiers have really got the right grip of the exchange problem, as it exists in these days, I cannot say, but certainly Germany seems to be scoring by her manipulation of it, all along the line.”