GERMANY’S IMPORTS
INDUSTRY SUFFERS BIG LOSS. U«ulted Press Association —By Electrlo Telegraph—Copyright BERLIN, September 26. Announcing the Cabinet's decision to restrict agricultural imports, including fruit and butter, quotas for which would be fixed by negotiation, the Minister of Agriculture, Herr Braun, revealed that industry in the last three years had lost £60,000,000, at least 70 per cent of farmers paying interest out of capital. The Cabinet decided that interest on mortgages should be reduced in the next two years by 2 per cent on condition that the money saved would be repayable when the mortgages fall due.
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Bibliographic details
Timaru Herald, Volume CXXXVII, Issue 19300, 29 September 1932, Page 11
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97GERMANY’S IMPORTS Timaru Herald, Volume CXXXVII, Issue 19300, 29 September 1932, Page 11
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