BANKRUPTCY AND ANOTHER WAR.

Wanganui Herald, Volume LI, Issue 15189, 9 April 1917, Page 7

BANKRUPTCY AND ANOTHER WAR.

The Cologne Gazette explain* as follows that (formany could not even bear the results of “a drawn war":—"lvven a premature conclusion of peace, wilhout a proper decision, would for our people be equivalent to a defeat. Our people would have to hear enormous burdens, and it must not be forgotten that the decisive war would have to l>e fought in a few years after a short peace pause. If our people had to cover the interest on our loans, provide for the disabled soldiers, think of the widows and orphans, and at the same time arm appropriately for the coming war, they would have, according to a superficial calculation, to provide every year a sum of about J7d0.000.000. This sum would have to Ik> realised by taxation. And in addition 1o the a)mast intolerable burd«u of taxation wc should have the disturbing expectation of the decisive war. Who could accept, this? Hard though Eke, sacrifices for our people may now be, what we have to do is to hold out and win the prize of victory.