Word: pre-war
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...shipping. This will produce another $119,000,000 gold marks, making a total of $238,000,000. The remaining $27,600,000 will be met by pledging customs duties on imports other than necessities, excise on tobacco, beer, wine and sugar and receipts from the spirits monopoly. The average pre-war receipt from these sources is put at $190,400,000, but the present day value" has now fallen to one-quarter on account of the loss of territory and population and reduced consumption. With the recovery of the eco- nomic activity of Germany it will automatically increase." The note...
...North German Lloyd now possesses 30% of its pre-war fleet...
...pre-war days 87 pfennigs would buy an Austrian crown, to-day it takes more than a mark to buy a crown. This is not so simple when it is remembered that the mark stands at roughly 80,000 to the dollar and the crown at about 70,000. Accordingly it takes only $12.72 to become a millionaire in German marks and $14.12 in Austrian crowns. (Figures according to the current rate of exchange...
According to the British Chamber of Commerce, all the trade that is being done with Russia at present could be negotiated by agents in Scandinavian countries; hence there is no need for a trade agreement. However, the Soviet Government has faithfully kept its pledges to indemnify pre-war British investors, and many firms that were doing business there before the war are once again starting operations. The good faith exhibited by the Soviet Government in this respect was a sterling reason why the Trade Agreement was pre-seived...
...revival of the famous arts and crafts factories of pre-war Russia is apparently contemplated by the Soviet Government. Futurist and cubist ornamentation will be encouraged, perhaps as part of the general drive against "bourgeois civilization...