GERMANY’S MADNESS.
MAY END IN CRASH, Lord Beaverbrook, who was the principal guest at a London commercial club luncheon, dealt with commercial, opportunities, and said he had supreme confidence in the immediate future. The only impediment was the German bogeyman. The truth was that Germany, industrially, was helpless be-, cause German finance had been smashed. He predicted that Germany’s mad .period of inflation would end in a crash, which must involve repudiation of debts before conditions in that country would return to normal. “Our public men,” continued Lord Beaverbrook, “are concerning themselves about restoration of conditions in Central Europe, while, nearer home, over the Irish channel, is a market buying from us £40,000,000 worth a year, or more than ten times our sales to Germany.” The speaker urged business men to turn away from Central Europe to England, Scotland, Ireland, Australia, Canada. America and other foreign markets where British commerce and industry would prosper, even though there was no real awakening in Central Europe.
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Taranaki Daily News, 6 July 1922, Page 7
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164GERMANY’S MADNESS. Taranaki Daily News, 6 July 1922, Page 7
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