GERMANY'S FINANCIAL METHODS.

Colonist, Volume LVII, Issue 13771, 7 May 1915, Page 5

GERMANY'S FINANCIAL METHODS.

DEPRECIATION OP PAPER

MONEY,

CLYDE SHIPBUILDERS AND WAR

CONTRACTS

,ondOß, May ,5

Mr. Lloyd George, in his Budget speech, declared that Germany's methods of financi;:^ the war-by issuing paper and selling securities would be fatal in the long run.

The "Evening Standard" states that the German note- circulation is only half covered by coin and bullion; that the value of the il)0 marks note had. 'fallen-to 85 and had touched 78, and that Holland and many Danish banks are refusing them altogether.

Clyde shipowners and employees at a conference at Glasgow decided that men should' report themselves daily, the Admiralty to have first claim on their services.

The Hon Neil Primrose announced in the -House of Commons that the figures for April slTbw a gr-'fit diminution m the importatio;) of rotten to Germany.

CABUE NEWS.

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