ECONOMIC DIFFICULTIES.
GERMANY’S PLIGHT. OFFICIAL’S REVELATION. PALIS, March 19. The Agence Ecoriomiquo reports that the Reiehsbank official, Herr Brinkmann, told Nazi leaders in Cologne that the German industrial furnaces had reached an output capacity of 96.4 per cent., which could not be maintained.
“Our resources of raw materials are of such inferior quality, and absorb such a number of workmen, as to threaten the national economy,” Herr Brinkmann added ,: Vc have reached the end of our stock of currency. Imports are almost double the exports.” The State last year took half of the national revenue, but could not continue such a drain much longer. The sum of 6,000,000,000 marks was needed to balance the current Budget. The money had to be realised by economies, because the taxation limit had been reached, Herr Brinkmann said.
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https://paperspast.natlib.govt.nz/newspapers/MS19390320.2.77
Bibliographic details
Manawatu Standard, Volume LIX, Issue 92, 20 March 1939, Page 7
Word Count
134ECONOMIC DIFFICULTIES. Manawatu Standard, Volume LIX, Issue 92, 20 March 1939, Page 7
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