THE CENTRAL POWERS.

Colonist, Volume LX, Issue 14635, 13 February 1918, Page 12

THE CENTRAL POWERS.

GERMANY'S BLACK OUTLOOK:

BURDEN OF AFTER-WAR TAXA-

TION

(Australian and N.Z. Cable Association;

(Received Feb. 12, 11.50 p.m.) Amsterdam, Feb. 11. Count yon Prey sing, in the Bavarian Upper House, interpellated the Go-j vernment concerning Germany's war Bill. He said that taxation after the war would total nine and a half million marks anr.ually, four-fold, the pre-war amount, necessitating an average taxation of fifty to sixty per cent, of income, or confiscation of capital to a minimum of forty to fifty milliards'. Herr Breunine, the Finance Minister, admitted that ten milliards would be required to meet interest. Other speakers" deplored the statemer.t, wi ieh would create. the impreasion that Germany was faced with ftnacial ruin unless she got indemnities. Count Toerring, the Crown Prince's brother-in-law, declared that the Imperial Government would not insist upon indemrities. They should strive for an honourable peace, not a PanGerman peace.