AFFAIRS IN GERMANY
INDUSTRIAL REACTION. LONDON, June 8. Following the inflated mark period, Germany is suffering from a big industrial reaction. Industrialists spent big profits made during the inflation period in rc-equip-pin and modernising their factories. They are now unable to work them owing to shortage of capital. Prices of most goods are too high to export, as being above the world’s level. The home trade has also slumped, and credit is severely restricted. Interest on loans is ranging from 18 per cent, to 30 per cent. Liquidation of large stocks is expected at considerable loss, which will disturb international trade. The Finance Minister’s policy aims at forcing down prices to enable Germany to compete in world markets.
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Bibliographic details
Wanganui Chronicle, Volume LXXXI, Issue 19033, 10 June 1924, Page 11
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118AFFAIRS IN GERMANY Wanganui Chronicle, Volume LXXXI, Issue 19033, 10 June 1924, Page 11
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