MORE PAPER MONEY.
GERMAN FINANCIAL CRISIS. [Th© “Times” Cable] (Received July 16, 5.5 p.m.) LONDON. July 14. The “Daily Mail’s” correspondent in Berlin reports that reckless printing of paper money in Germany continues. The weekly report of the Reichsb: nk announces a further increase of nearly 4,000,000,000 marks, bringing the total Io 183,000,000,000 marks. This weekly' printing of money is an easy way of providing payment of weekly bills, bat :s incomparable with sane finance. Every new issues pushes the mark further downward. The “ I): ily Mail, ” in a leading article, states it is pleased to observe the Allied Commission is not hoodwinked by Germany’s plea. It is Germany’s methods, not the Allied demands, that arc to blame for the total German national debt. The British currency is £159,000,000, against Germany’s £7,800,000.000. Yet Germany say’s she cannot find £2,500,000 a month, whereas Britain has to find £4,000,000 interest on her debt to the United
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Bibliographic details
Grey River Argus, 17 July 1922, Page 7
Word Count
154MORE PAPER MONEY. Grey River Argus, 17 July 1922, Page 7
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