Word: german
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Dates: during 1920-1929
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Contrasting with French joy was the raging fury of the German press last week. In Berlin the potent, Democratic Acht Uhr Abendblatt, even thought that Prime Minister Poincaré of France had "influenced'' Agent General Gilbert to write a "made to order report," and rashly charged that this perfidy had been arranged at the Gilbert-Poincaré-Churchill and J. P. Morgan conference in Paris last autumn (TIME, Oct. 29). As German anger mounted, imaginative correspondents cabled the suggestion that if Mr. Gilbert had remained in Berlin, last week, he would have been mobbed. As usual, however, the Agent General had left...
Railways: "The German Railroad Company is in a strong financial position owing partly to the recent increase in its tariffs and to the beginnings of improved financial control. There is no question about the ability of the company to carry the full annual charge for the service of its Reparations bonds, provided it follows a prudent financial policy...
Budget: As usual Mr. Gilbert finds that the German Finance Ministry is "still under the influence of tendencies toward overspending and overborrowing. . . . The situation is one which bristles with difficulties." He again recommends a complete overhauling of the system whereby the various states of the German Republic still balance their budgets with funds contributed from the National Treasury...
Foreign Trade: "German foreign trade has markedly progressed toward stability. The margin of excess imports over exports narrowed in the past year, and in September both attained a substantial equilibrium for the first time since 1926. This is partly due to the decline of imports, but exports reached the largest dimensions since 1924. Exports and imports came to an equilibrium in September at a level of approximately 1,100,000,000 marks as compared with...
...Foreign loans have made possible Germany's phenomenal economic recovery, and to assume the indefinite influx of such borrowed capital would be sheer folly. 2) Since nearly half of Germany's pound of flesh is being paid "in kind" under the Dawes Plan?that is to say in German goods which compete with Allied home production?the creditor powers will find it still to their advantage to knock off something from the German debt in return for a promise of more "cash" and less "kind." 3) The four years covered by the Report do not include the present so-called...