RIDING FOR A FALL

Otago Daily Times, Issue 18350, 14 September 1921, Page 5

RIDING FOR A FALL

INDUSTRIAL GERMANY. A CRASH INEVITABLE. Press Association—By Telegraph—Copyright. LONDON, September 12. Lord Beavorbrook, writing to the Daily Express from Berlin, says that, while on the surface prosperity is everywhere noticeable in Germany, the ©ra of inflation which is behind the apparent wealth and the luxury will inevitably end in a crash. Germany, he says, is going through a postponed *but prolonged boom, which makes, our post-war boom of 1919 a tiny thing.’ There is nothing in the industrial position of Germany, beaten and impoverished by the Great War, to justify the rate at which she is living. As the inflation increases, and as the value of the mark declines, % the spending increases. The recklessness of the whole proceedings is beyond belief. The present fool’s para dise in which the country is living-is a domestic one, and has nothing to do with her export trade.—A. and N.Z. Cable,