GERMAN BUDGET.
PLAN TO MEET CRISIS. APPEAL TO PRESIDENT. (Received Juno C, 7.55 p.m.) BERLIN, June 6. In order to meet the economic crisis, industrialists and trade union leaders will submit to tho President, Marshal von Hindenburg, personally a joint appeal, in which they indicate their preparedness to make pecuniary sacrifices, provided the affluent classes agree to make an emergency offering or to a special levy, in order to balance this year's Budget. It is regarded as likely that the Presi dent will approve. The Cabinet sat all night to devise measures to avert a financial crisis. It was decided to expedite the public works construction programmes, and to increase by one-half of 1 per cent, the workers' contributions to unemployment insurance, which will thus total 44 per cent. There will also be a tax on salaries secured by contracts up to 10 per cent., and a special tax on bachelors.
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New Zealand Herald, Volume LXVII, Issue 20584, 7 June 1930, Page 13
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151GERMAN BUDGET. New Zealand Herald, Volume LXVII, Issue 20584, 7 June 1930, Page 13
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