The Archive · 1931

Germany to Slash Salaries

Berlin, Sept. 25.

In consonance with its efforts to deflate the cost of living, the Government has instructed the Ministry of Justice to draft a bill which will make it possible for the big com-Panies to cancel all contracts with their highly-salaried directors with a view of making a new contract on a lower basis. Certain. limits will be set within which contracts may be terminated no matter how long they have yet to run—Trans-Ocean Kuo Min, London, Sept. 23.

Sir Arthur Wheeler, Bart, for merly the head of one of the largest firms of outside brokers in Great} Britain, and his partner, Mr. George Victor Smith, who have been appea ing in the Leicester Police Court to answer 26 summonses alleging the fraudulent conversion of sums amounting to £29,000, were to-day' committed for trial at! the Leicester!

Assizes. ""T deny emphatically that T am. guilty," said Sir Arthur Wheeler, ST never defrauded anybody. My. one object in life is to soe every. creditor paid in full and I propose to devote the rest of my days to that task."—Reuter,

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

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