CRISIS IN GERMANY
HEART-RENDING SITUATION DAWES SCHEME BEING TESTED MILLIONS OUT OF WORK By Telegraph.—Press Assn. —Copyright. Australian and N.Z. Cable Association LONDON, March 9. “The Daily Chronicle” publishes the first of a series of articles pn “The World Race for Trade,” by Mr Renwick. Dealing with the Rhineland, he paints a dark picture of millions earning only enough for- rent and dry breaa.
The situation is more serious, because 1926 is the testing time for the Dawes scheme. The crisis in Germany to-day is infinitely more serious than in any modern industrial history. The masses in Germany are displaying amazing fortitude in the face of a heart-rending situation. The workless number at least 2j millions, another millions are partially without work, and 150,000 unemployed miners are in the Ruhr alone, while the best workers only earn 8d to Is lOd an hour. Youths earn as -low as 2d an hour. The highest net wage in the Rhineland. 40 marks weekly, insufficient for decent living,' equals 30s in England.
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Bibliographic details
New Zealand Times, Volume LIII, Issue 12392, 11 March 1926, Page 7
Word Count
169CRISIS IN GERMANY New Zealand Times, Volume LIII, Issue 12392, 11 March 1926, Page 7
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