GERMAN POLITICS.
COALITION CABINET LIKELY. (Australian Press Association.) BERLIN, April 9. The formation of a Grand Coalition Cabinet is now believed to be assured. This follows upon an agreement among the parties; it is*lioped that it will avert the imposition of fresh taxation by securing a reduction in the Budget deficit. Drastic cuts in the Army and Navy expenditure will result in the saving of £1,600,000. The Air estimates will be reduced by £1,000,000. As a result of the cuts the deficit of £30,000.000 will now be £6,500,000 at which the People’s Party is reported to be satisfied. The party originally demanded that the Budget be balanced.
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Bibliographic details
Manawatu Standard, Volume XLIX, Issue 111, 10 April 1929, Page 7
Word Count
107GERMAN POLITICS. Manawatu Standard, Volume XLIX, Issue 111, 10 April 1929, Page 7
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