GERMAN LOAN
TO RELIEVE UNEMPLOYED
REICHSRATS APPROVAL
BERLIN, Bth May.
The Beichsrat has approved a determined attempt to reduce the number of unemployed in Germany by means of a big labour loan which the Eeichstag will consider on Monday.
The money will be used for land improvement and settlement and pnblic works. The yield to subscribers will , be-4$ per cent., but the loan is attractive because it Will be exempt from taxation. No limit has been placed on the total amount. '..--'■'.
. Meanwhile ; well-known enterprises continue to closje down, including the famous amber works at Palmknicker, East Prussia, on which the Prussian Government has spent £600,000 since 1925 in a vain effort to keep them going. , ,The Junkers aeroplane works at Dessau have also closed.
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Bibliographic details
Evening Post, Volume CXIII, Issue 109, 10 May 1932, Page 7
Word Count
124GERMAN LOAN Evening Post, Volume CXIII, Issue 109, 10 May 1932, Page 7
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