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The Akaroa Mail. TUESDAY, OCTOBER 19, 1915. WAR AND FINANCE.

Ohe of tbe most interesting points to ha considered in this war is the real State of Germany's finance Con leotore oan have its full rein as far as we are concerned, because it is practically impossible to get at the troth. We do know that two loans of 41,000.000,000 each have been raised nd .hat a third is on the market In this connection tbe speech of tbe German Finance Minister, Dr. Heif fericfe, is most amusing, if not exactly illuminating First of all he assure" the people tbat the £2,000,000,000 will all be paid back later by the Allies, and he seems to get special pleasure' in the contemplation of generations of Germany's enemies toiling to pay indemnities. In bis speech he said tbat the expenditure on tbe war ha-V exceeded tbe estimates; in one month it wbb one third more than tbe whole of tbe cost of tbe war With France in 1870. He then added the remark that "the heavy burden of thousands ef millions must be borne ..through doc&des by the instigators of the war oat by ns." Tbis latter rpmark b only one i* am pie which leads $h* orc!jr>;vv ''"''rrc*. !.o >>•;!. cdvi- »{,> .haa Q'-Tr.ts;-* 'yy--r> f. "• -■;' .■ ■> - )■.'"■■ ■■"■ forai 'A *...■:;■■.■■.■ : ■>■■■■■.;: ■■■ UjC7 ii'iva (air; ;.•- ;, ..-.../., OMt Europ'* tiIHV C'iiiidy ;n..j.a :}..,,... inemies rehponsibin for m-ax: T Btorifiees being made by th* p.opi*, . f Germany are enormous. Women a* giving np jewellery at hundred- 1 nf de,-.>rttß and i. seem-> fbat tbf: *■»;,.

*i;.■■.•■■>, Jj.-'i ■(> a: : k d •<: pnu. i Kv&;*>'.ti in o .tit* c-Ui-ib w f wt_ . \\ h«ar DOthing of puvations in German) bat tbe failure of maoy banking institutions is reported, One lag bank tbe Mittei J_theini-*ohe failed n Anguflt owing to losses caused by the war. This is considered as signitjeem and as indicating tbat very little Would cause the failure of a string of banks, if the influential people con' Booted with tbe Rbeiniscb Bank could not save tbat institution. Tbe Allies laan with America reveals tbe dominant position of the Unil-b'd States in the financiaf worl» The accumulation of gold in the American vaults renders the position unique and accounts for tbe decline of tbe value of the sovereign.

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https://paperspast.natlib.govt.nz/newspapers/AMBPA19151019.2.4

Bibliographic details

The Akaroa Mail. TUESDAY, OCTOBER 19, 1915. WAR AND FINANCE., Akaroa Mail and Banks Peninsula Advertiser, Volume LXXV, Issue 3497, 19 October 1915

Word Count
374

The Akaroa Mail. TUESDAY, OCTOBER 19, 1915. WAR AND FINANCE. Akaroa Mail and Banks Peninsula Advertiser, Volume LXXV, Issue 3497, 19 October 1915

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