'That' the adoption by the Reich of the Young Plan is an essential audition for the financial rehabilitation of Germany, formed the gist a speech by Minister of Finance, Professor Moldenhauer, before the Reichstag on the ion of the second reading of the match mono-Under this bil, it. will Be recalled, the Swedish' match-trust is granted a partial monopoly ang a special import duty rate on Snatches both of which will mean an fend to Rassian dumping of matches Germany. Aguinst these pri lieges, the Swedish match trust is granting the Reich a loan of Marks Professor Moldenhauer opened his speech with the declaration that only by realizing facts and not by Senoring them, can the present precarious financial situation be Zemedied. He then went on to say hat the proposed ambitious financial reform programme which pro-Vided for a" gradual re of taxes will have to be abandoned until the huge floating debt is edueeg to nothing and the balance of the: budget restored, iM under dis. out trust already practically controlled 65 per cent, of the German match industry, the 'Bin merely officially recognized' and feanctioned the status quo, in 'Addition to which the Reich obiained fifty years' loan on favour! Yerms which will be used to reduce the floating debt. Tu view of the importance of the bill, the Minister of Finance declared that the fernment would resign unless Bill were passed by the Reichstag. The subsequent debate, however, learly showed that there will be no need for such a step and that on contrary, the bill" will mos: probably meet with no difficulty in the "Reichstag—Trant-Ocean Keo
Text read from the printed page and cleaned; old type leaves the occasional error.