FINANCE CRISIS
CURRENCY EXHAUSTED PLIGHT OF GERMANY IMPORTS DOUBLE EXPORTS NAZI BANKER’S WARNING (Klee. Tel. Copyright—United Press Assn.) (Reed. March 20, 9 «.m.) PARIS, March 19. The Agencc Economique reports that the Reichsbank executive, Dr. Brinkman.n, told Nazi leaders at Cologne that the German industrial furnaces had reached the output capacity of 90.4 per cent, which could not be maintained. "Our resources of raw materials are of such inferior quality and absorb such a number of workmen that they threaten national economy,” he said. "We have reached' the end of our stock of currency. The imports are almost double the exports.” The State last year took half the national revenue, but it -could not continue such .a drain much longer. The sum of 6,000,000,000 marks was needed to balance the current Budget. The money must be realised by economies because the taxation limit had been reached.
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Bibliographic details
Poverty Bay Herald, Volume LXVI, Issue 19891, 20 March 1939, Page 5
Word Count
146FINANCE CRISIS Poverty Bay Herald, Volume LXVI, Issue 19891, 20 March 1939, Page 5
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