INSOLVENCY PLEA
CASE CAN BE MADE
(By Telegraph.) (Special to "The Evening Post.")
DUNEDIN, This Day
Commenting on the cablegram that Germany may ask for a moratorium and plead absolute insolvency, a Duuedin man who made- a tour of Germany this year says: —. "I believe that such a case can be made out. The Germany that I knew as a young man is not the Germany of to-day. Thirty years ago it was bidding for the lead in energy and productiveness, having earned the right by thorough and intensive training. Now it has lost heart. Visitors who spend their time in the large towns do not see the poverty of people as I saw it last year. The great middle class are compelled to practise the strictest economy. In July of this year the Federal Government issued a 'necessity 'decree,' forbidding Germans to cross the borders unless a valid reason is given. The idea is to prevent the people from going abroad to spend their money. Passports have to be taken out and the fee is raised from 2s or 3s to £5. Another significant fact is that war pensions and salaries of Government servants were not paid on the due date. Further, all importing was stopped. Danish butter was held up at the border and transferred to London, this being one of the causes of New Zealand butter weakening in England."
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Bibliographic details
Evening Post, Volume CXII, Issue 117, 13 November 1931, Page 7
Word Count
232
INSOLVENCY PLEA
Evening Post, Volume CXII, Issue 117, 13 November 1931, Page 7
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