The Mini hat he deseribed as a concrete example. In orde: to relieve unemployment among shipbuilders and to assist German shipping the government might decide a liner, shipping company concerned, for instance the Hamburg-America line, would finance the operation not by the issue of fresh capital, or from ats own resources, but through a bill of exchange which they would get discounted. this means they would obtain a credit so as to pay the shipbuilders, who in their turn would use the money for the payment of wages and materials.
The money, he declared, would circulate all' time, giving widespread employment leading to the purchase of all kinds of goods besides foodstuffs.
Dr. Funk again emphasized that it was essential for the success of this method of financing that there should be no check in the circulation of the sedit thus created in the first place cly a bill of exchange.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.