Germany

Hawke's Bay Tribune, Volume XIV, Issue 45, 1 February 1924, Page 5

Germany

An Army of Unemployed ESTIMATED AT FOUR OR FIVE MILLION. BAI) YEAR FOR BRITISH TRADERS. (By Cable.—Preet Association.—Copyright.) (Received 1, 8.55 a.m.) Berlin, Jan. 30. The unemployed receiving relief in the -unoccupied territories have /isen to million. It is semi-officially estimated that there are four to five millions of unemployed or short timers in Germany. At a meeting of the British Chamber of Commerce at Cologne the chairman stated that the past year had been disastrous to British traders in the occupied territories, except for forward engagements. Tfye severe license restrictions of the German Government and foreign exchange prohibitions rendered the import of British goods almost impossible. The refusal of the German Government to reimburse the British the 26 per cent, reparations duty had been an especially severe blow. It had become an impossibility to place future orders.— (Reuter.)

STABILISATION OF FINANCE.

EXPERT COMMITTEE AT BERLIN.

Berlin, Jan. 30. The first committee of experts inauiring into means of stabilising the German finances has arrived from Pans and held a meeting presided over by General Dawes. It was decided to request the Chancellor to enable the committee to establish points of contact with persons capable of imparting information.—(Reuter.)