INDICTED
GERMAN FINANCE Economic Effects of Reckless Extravagance are Now Visible COSTS AND PRICES RISE EFFECTIVE CONTROL NEEDED. (By Te'earaflh—Presi Aran.—Copyright.). Received Nov. 7, 8.40 p.m. (The Times) LONDON, Nov. 6. The Times, in a leader, says: 1 ‘Mr Parker Gilbert’s memorandum is a formidable indictment of German finance. Germany has pursued a policy of reckless extravagance since 1924 and its ’economic effects are visible in the rising costs of production and living and increased prices. The result largely nullifies the benefits expected to accrue from the rationalisation of German industry. Really effective control of public expenditure, whether financed at home or from abroad, is needed to ensure genuine economy. If Germany wishes to convince the world of her goodwill regarding treaty obligations she must make a drastic change in her financial policy.
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Bibliographic details
Wanganui Chronicle, Volume LXXXIII, Issue 19992, 8 November 1927, Page 7
Word Count
133INDICTED Wanganui Chronicle, Volume LXXXIII, Issue 19992, 8 November 1927, Page 7
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