Agent-General of Reparations on Tendency to Extravagance Berlin, Nov. 6. contained in n memorandum by Mr.
A severe warning to Germany is Parker Gilbert, the Agent-General of Reparations, the text of which. has now been published, 'The memorandum declares that if present tendencies are' not checked the consequences are almost certain to be s serious economic reaction, depression and a severe shock to German credit at home and abroad. The remedy, it says, consists pri marily in reversing the tendencies toward overspending and overborrowing and applying strict economy and ordered public finance.
'The memorandum stresses the point that the Finance Minister's Actions contravene the policy laid down in his speeches. If the German Government acts promptly, the memorandum goes on, it has' the power to prevent a crisis.
'The Agent-General expresses the opinion that the Reich, by failing to restrain expenditure, is_endangering the stability of the Budget, which is the cornerstone of the ex-porta' plan for the reconstruction '0f Germany. Should these tendencies continue unchecked they will encourage the impression that Germany is not acting with due regard to her obligations concerning reparations.
Text read from the printed page and cleaned; old type leaves the occasional error.