GERMAN FINANCE
REVIEW OF THE POSITION. PAYMENTS UNDER DAWES PLAN. (Fres« Association—By Telegraph —('opyngnc ; BERLIN, January 19. (Received Jan. 20, at 11 n.m. “ Reparations are the root evil with which the German people are faced,” declared Dr Koehler (Minister of Finance) in the Reichstag during a review of the financial position. He raid the Davyes plan did not provide the final solution which Germany demanded in order to realise the exact nature of her ‘‘The present Reich Budget balances without an increase of taxation, but in my opinion the business boom has reached a climax, and a gradual falling off in trade is already noticeable. The Government is considering the renewal of credits for the development of exports. The outlook for 1929 is gloomier, as an additional £15,000,000 will be required for the Dawes payments. The Treasury will then lack the funds needful to balance the Budget, and, as an increase in taxation is impossible, the strictest economy is essential.” -—A. and N.Z. Cable.
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Bibliographic details
Otago Daily Times, Issue 20312, 21 January 1928, Page 11
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164GERMAN FINANCE Otago Daily Times, Issue 20312, 21 January 1928, Page 11
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