GERMAN BUDGET.

Pelorus Guardian and Miners' Advocate., Volume 29, Issue 17, 2 March 1917, Page 6

GERMAN BUDGET.

CONFIDENCE IN THE FUTURE, Amsterdam, Peb. 25. In the Eeichstag Herr von Eoedern, Minister of Finance, in introducing the Budget, said the submarine arm had only been introduced In the pre- ( sent war, consequently it was not subject to any written rules or international laws. The cost of the war would not decrease in the next few months, hence the Government required a war credit of fifteen milhards of marks. He admitted that the Budget bore a serious aspect, but Germany’s economic life was not of a character to shake confidence in the future. If her enemies claimed reparation, Germany claimed indemnification. Germany’s financial strength was not a paper illusion, as her enemies believed. Eighteen ultra-Socialists opposed, but the main-party of the Socialists supported the vote. Herr Ledebour, leader of the Socialist minority, declared that Germany’s peace offer lacked every essential for peace. The rights of small nations were violated by the manner in which Austro-Germany had dealt with the restoration of Poland’s independence. Herr Ledebour, amid laughter, demanded the suspension of subi marine warfare. The war credit was carried.