The Archive · 1927

GERMANY'S NEED OF ECONOMY

Berlin, Nov. 19.

Influential German support of Mr. Parker Gilbert's recent strict on German finance is forthcoming Dr. Schacht, President of th Reichstag, in 'a speech at Bochum to-day, recited an impressive eatalosue of communal luxury expenditure, ike _swimming-baths, halls, hotels, museum: that if municipalities had refrained from expenditure on non-essential undertakings they would probably not have had to raise a single one f the communal foreign" loans approaching Mk. 660,000,000, At the same time the "Deutsche!

Volkswirt" prints an article in which Dr. Schacht expresses the fear that Mr. Parker Gilber ing will be wasted unless Germany abandons her policy of laissez faire and: embraces self-discipline and self-control—Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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