GERMANY’S POSITION

Hokitika Guardian, 21 November 1928, Page 6

GERMANY’S POSITION

QUESTION OF FINANCE

United Press Association - Bv Electric

Telegraph—Copyright)

(Received this day at 10.30. a.in.) LONDON. November ‘JO.

In the final reparations settlement we must not exceed Germany's capacity to pay from her own resources, not endangering the standard of living o" her people, declared Hen 1 Stresemann in the J’ei; hstag.

Thereanent. t!u> “ Morning Post's” Herlin correspondent discussing the factors that experts must consider, says Germany lias been aide to increase her Rudgel expenditure ver - suhstanially m 102 S. The indi'stral production of 192 S was p Highly 21 per cent "in above the average for 102-1-20 standar! of living wages of skilled and unskilleds. Savings Rank deposits have nVn materially. The other side of the picture is Germanv’s net borrowing from abroad from January Ist, 1925. to 31st J: unary, 1!)2>. amounted to 242. V millions sterling, almost exact I v equivalent to the amount paid out in reparations and annuities. It will be asked to what extent Germany is dependent on . ■■dgn capital in the future; and io v. a t extern foreign investors are prep red to maintain the supply. The lmt four years have been years of artificially stimulated reconstruction, following ten years of stagnation. Is it humanly possible to determine upon a brief experience what Germany will be able to bear twenty years hecne,