Cable News NAZI ECONOMIC TROUBLES
Reichsbank Official’s Revelations TAXATION LIMIT REACHED Industrial Output Unable To Be Maintained By Telegraph. —Press Assn. —Copyright. Received March 19, 9.30 p.m.) PARIS, March 19. 'Clio “Agence Economique” reports that the Reichsbank official, Herr Brinkmann, told Nazi leaders in Cologne that the German industrial furnaces had reached an output capacity of 96.4 per cent., which could not be maintained. “Our resources of raw materials are of such inferior quality, and absorb such a number of workmen, as to threaten the national economy,” he added. “We have reached the end of our stock of currency. Imports arc almost double the exports.” The State last year took half of the national revenue, but could not continue such a drain much longer, lhe sum of 6,000,000,000 marks was needed to balance the current budget. The money had to be realized by economies, because the taxation limit had been reached.
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Dominion, Volume 32, Issue 149, 20 March 1939, Page 10
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151Cable News NAZI ECONOMIC TROUBLES Dominion, Volume 32, Issue 149, 20 March 1939, Page 10
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