GERMAN CAPITAL
ESCAPING REPARATION
TAXATION
EYES ON ARGENTINA
EFFORTS TO CAPTURE TEXTILE
INDUSTRY.
(UNITED PRESS ASSOCIATION.—COPSRIOHT.)
(ASIHAMAN - NBW ZEALAN» CABLB ASSOCIATION.)
(Received April 26, 9 a.m.)
NEW YORK, 25th April.
The Chicago Tribune's correspondent at Buenos Aires states that German capitalists ?re bringing their funds to Argentina in order to escape the taxation resulting from the German reparations and other post-war indebtedness. They are trying to capitalise tho textile industry, although npw they are mainly depositing large funds in the local banks at ordinary rates of interest, awaiting the reawakening,of Argentine industries from tha present industrial stringency. The Argentine Cons-il-General in Berlin lias reported that Germans are dismantling textile machinery in Saxony for removal to Argentina to such an extent that the authorities are contemplating placing an embargo on the action.
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Bibliographic details
Evening Post, Volume CII, Issue 98, 26 April 1921, Page 7
Word Count
131GERMAN CAPITAL Evening Post, Volume CII, Issue 98, 26 April 1921, Page 7
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