RISE IN PRICES
RUMANIA'S PREDICAMENT RUGBY, Nov. 21. The Rumanian State Secretary for Supply (M. NegcD, who was recently dismissed on the grounds of his failure to prevent an extreme rise in prices and a shortage of goods, gives in a memorandum the following reasons for his failure:— First, the war against Russia lasting much longer than expected. Secondly, supplies to Germany, according to the trade agreement, have to be maintained, although mobilisation of the army has led to a shortage of workers and agricultural employees, while Rumania's own needs for a fighting army nave increased enormously. Thirdly, the war brought a new wave of panic buying in a black market while stocks of cattle reached new low records.
M. Ncgel explains further that the Russians deported or destroyed everything in-Northern Bessarabia.
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Bibliographic details
Otago Daily Times, Issue 24772, 24 November 1941, Page 6
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132RISE IN PRICES Otago Daily Times, Issue 24772, 24 November 1941, Page 6
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