GERMAN CURRENCY
TRADE UNIONS’ DEMANDS SUPPORTING THE MARK / BY TELEGRAPH—PBESS ASSOCIATION. —COPYRIGHT. (Rec. November 3, 7.40 p.m.) Berlin, November 2. The Central Federation of Trade Union? has sent a memorandum to tho Government regarding the trade unions’ demands for stabilising the currency. The chief proposals are: “A restriction of currencies, retaining the mark as a medium of payment and measure of value. The mark must. not be abolished, as it is vital to the interests of the workers and the fate of the German State. _ In order to support the mark, an internal loan, not subject to devaluation and accessible to all classes, is necessary. The national finaniceis must be reformed in order that the collection of taxation may be effected at much more frequent intervals. Efforts jpust be continued to raise n foreign loan and bring about economies and increased production.”—Aus.-N.Z. Cable Assn.
MARK FALLS STILL LOWER
(Rec. November 3, 8.10 p.m.) London, November 2. The Berlin exchange rate is now 2VIOO marks to £l. The slump is due to heavy selling, following the announcement in the Budget or a deficiency. —Aus.-N.Z. Cable Assn.
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Dominion, Volume 16, Issue 35, 4 November 1922, Page 5
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185GERMAN CURRENCY Dominion, Volume 16, Issue 35, 4 November 1922, Page 5
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