FINANCIAL WORRIES

Poverty Bay Herald, Volume LXII, Issue 18760, 17 July 1935, Page 13

FINANCIAL WORRIES

' There . .t^e; '■sss& -, .G^V^hJ* 1 $ Qt ?j on. the Continent' of Europe atthe] moment Which arc facing severe ftu-.u-tHe fcqjigwi j&i mahyis iiadiiig fierself qbiigecl .'s»■ jdtiWj unifier .p>; ; ogiiinme ,of .|ivprk-i;eliei;; StftJJfi has .a heaw budget deficit; France is; facc<l witlLa crisis wliicnß^.Jqng'Jjeen< thi•ea,tefc&g^ts , jfbrce'.'.uie ### EverywMke p <# S #e« clining.;" ]every there is talk cf economics.;' .everywhere civil servants,; teachers an;', others an- faced with the prosp wpf ,<?*»■&/ i •Plainly' .'pile ;tlfe 'p'rir&bpal P. 1 ?! tliese -fiiiaucial Vgrrils a!) -theJ .expenditure Wl!* r armaments. j£b¥,there is',sot a cpafttry. of any f siz'e :^b h decided"greatlyto /spajspg6 i -IS merits.- ■ •<.':. , .-...■'..'■ :..&.a ~.i TJiey have made these increases »o the search;- i tgr. ; .jßfctpnty f - Gernmny has rearmed '. because 'she felt her security meiuictd by the, acms of Fiance ;• Frank' /'.is' io;irii.cd•"■tbjftHgff..fear; J3l' Germf.^ i,:J ' . Geiman .1. ~'.,i.i ■in ft* ' \-A% a'. lVirtico--MVSlair allranijer. "TjfiV : ■he search'for security through"'wattta** meiit has led only to heightened in security, ■ ' urn AiUiamkNt . meanwhile the f:»ij>ni;f. ministers, are tearing .their hair ui a vairi at.-: tempt to make revenue balanceexpends tun-,, Jtivd mdunliy and the taxjiay'ev aic burdened by Vast, and increasing taxes;.; Tiio .old pre-war. "-Pah-ch" cartoon; of i lie- Frencji workman and the German; workmen. boWed down beneath ioada of rifk>. guns sword? and ammunition is as appropriate now ;w it was_twp years Iwfom'.the ontbreali of the''\V*int , icl ! W,ii', .Thoi'e-remains .but.one Way.-pf .saving. all these hard-hit Countries from fln.m (•in) disnsfcY. apd -their .jiqp'ulatiohs -from; unmling', uf.-ti'oiludtive, 7tAiatioti, CutA lit .s'nei'rtl services*. .pcj'isibhs' and .salaries' r; I.n ooly .'! >r i hj; .hardship aiocl;^'discoriteht ■■: .Reriiwtiort m aimarnepU, -oh (be .other haruL means -a redactidti of the su* • jut en and of the -cotnpetitipn betWesre nations Which ;leads .ultimately Jo war. ;It is ehcbulaging to .know that tho ; diplomats ate Working lot an ,air con.- 5 venttontp suj>pieinent'.lx)carnb Such ap. agreement, While,aot in itself..eibiiglijj will .be exceedingly valuable .if .\t aerial dLsarriiatnetit, and therefore .every other form" oT.!diM^ha'm^v. : Tnoi:^^'' : eil^'. , ;