EXTRAVAGANT GERMANS
BANKERS WARN THE NATION HEAVY DRAIN ON WEALTH. Australian and N.Z. Cable Association LONDON, September 20. ITie “Daily Chronicle” correspondent in Berlin describes an orgy of spending oy Germans all round—people, municipalities, States, and the Central Government—which lias brought a severe rebuke from Herr Franz Udrig, one of the most prominent bankers. At a bankers’ conference he said: “You cannot lose the war and then behave in your mode of life as though you had won it.” Most of the speakers at the conferferenco warned the Government against draining the country’s wealth away in heavy taxation, which was being largely applied to quite useless and unprofitable eciiemes. Already the taxes amounted >o about one-third of all the money in circulation.
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New Zealand Times, Volume LII, Issue 12249, 22 September 1925, Page 8
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122EXTRAVAGANT GERMANS New Zealand Times, Volume LII, Issue 12249, 22 September 1925, Page 8
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