POLITICS IN GERMANY.

Taranaki Daily News, 31 October 1921, Page 5

POLITICS IN GERMANY.

ANOTHER CHANGE EXPECTED. A FINANCIAL PANIC. By Telegraph.—Press Assn —Copyright Received Oct. 30, 55 p.m. Berlin, Oct. 28. The Press generally is of opinion that the new Cabinet’s days Will be short and another crisis is inevitable, owing to the Ministry’s narrow Parliamentary basis.

Communist organs declare the real cause of the crisis is not Upper Silesia, but the industrial magnates, who desire eventually to take office, supported by the People’s and Democratic Parties, scrap Herr Wirth’s taxation, eight-hour day, and other industrial legislation, throwing the burden of the reparation payments upon the workers. The Daily News’ Berlin correspondent states there have been sensational variations in the mark between 680 and 740, causing panic. The run on shops continues by German housewives, who fear what they call Austrian conditions. Food and clothing stores in Hamburg are being closed for two hours every afternoon to enable shop girls to recover from the physical strain of the morning’s rush. German customs officials are using aeroplanes to stop smuggling, which greatly increased owing to the depreciation of the mark.