GERMAN EXHAUSTION.

Stratford Evening Post, Volume XXV, Issue 298, 15 December 1914, Page 4

GERMAN EXHAUSTION.

This question of German exhaustion has been much under discussion in the Old Country of late. Professor Nicholson, writing in the “Scotsman,” argues that “the end of the war ought ■ to he in sight with the advent of the spring, and, at any rate, the prolongation over a second winter is extremely improbable.” As might be expected. Professor Nicholson pays particular attention to the financial question. “Taking everything into consideration,” he says, “‘it seems likely that the money borrowed by Germany during the first six months of the war w ill require double the rate of interest paid by the British Government. This high rate of interest in Germany means so far a relative breakdown in public and hanking credit. As the war progresses the higher command of the money power will begin to be alarmed,, and the lower commands of the money power will begin to fool (he pressure of diminished resources,” The point

really is, a writer in tho’Lyttelton Times says, that dear money will mean a failure of the resources from which German industry has been drawing its financial support, and, consequently, a failure of industry.