It ig an anticipation of future receipts and sets no limit to the me crease of Germany's expenses," the same observers stated, commenting upon the official communique, which asserted:
"AN the extraordinary.fnaneiat needs of the Reich, in excess of the Budgetary revenue, will in principle met as from May 1, 1939, solely by the issue of taxation bonds:
Public bodies will be able to clr~ culate these bonds in payment of orders placed with private industrial firms. The bonds themselves will be {Wo types. The first will be ented in payment of taxes and cus toms duties seven months after their issue, A gradually increasing premium will be granted those who retain the bonds for longer periods of time and higher premiums will be allowed. exporter-industrialists, Use of the bonds will be compute sory in all transactions involving the payment of 500 marks or more. Up to 40 per cent, of the invoice sums may be paid with bonds, which will not be redeemed by the Reich and which will remain in cirewlation for Indefinite pene Three-Year "Mortgage" Bonds 'The second type of bonds will be accepted as part payments only three years after' their Issue and their Actual value will be accounted to be twelve per cent, more than the nominal value.
The scheme also provides for a super income tax based upon increase ed revenue since 1990. This extra tax will be set this year at 35 per cent. of the increased revenue.
Tu conclusion, the publication of the' financial plan recalls that the then Chancellor von Papen promul-ated certain projects in 1032, whet hho issued. similar "taxation. bonds to a total value of Rin, 1,800,000,000. These bonds Were utilized in payment of taxes after 1934 and it was believ-fed that all will be absorbed by April 1, this year.—Havas,
Text read from the printed page and cleaned; old type leaves the occasional error.