WHAT LIES AHEAD?
GROUNDS FOR APPREHENSION. LONDON, August 25. (Received August 26, at 9.5 a.m.) Financial experts, call attention to the ■fact that the Austrian krone, which was quoted at 9,000 to the £ nine months ago, is now quoted at 400,000, and they point out that the mark is rapidly .approaching the condition in which at will be equally as useless, as a medium of exchange and as a basis of taxation, so that before long Germany will be unable to do any trade abroad. When the mark that stage of depreciation and the supplies of food and raw material are exhausted, tho developments will be much more rapid and infinitely more dangerous than in Austria, on account of the larger proportion of the population being engaged in industry m Germany and of political complications. A. and N.Z. Cable.
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Evening Star, Issue 18057, 26 August 1922, Page 4
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139WHAT LIES AHEAD? Evening Star, Issue 18057, 26 August 1922, Page 4
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