Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-01-31
GERMAN NOTE ASKS
EASIER DEBT TERMS

BERLIN, Jan. 28.-(By the AS
ISOLATED Press. 1.-The German note
to the reparations commission in re.
Spouse to the commissions demand
for explanations of Germany's al
legged inability to meet her obliga-
lions for January and February, re-
quests that Germany be relieved OF
all cash payments in 1922. It also
asks for a general reduction in cash
payments and an increase in pay
menrs in kind.
The note suggests that the allies
take measures to restore Germany's
internal and external credit. and
thereby facilitate the floating Of a
big international reparation loan. 1t
announces that Germany will raise
an internal loan in 1922 independ-
entity of the forced loan, in order to
reduce the floating debt.
It is pointed out in the note that
the allied experts at the Brussels
conference in 1920 recognized that
German direct taxation was incapa-
BILE Of further augmentation, but
that neverrnziess bills were now be-
fore the reichstag to provide further
increases in property tax as well as
taxes on capital and corporations.
The turnover tax will be increased
from one-half per cent to per cent,
and the coal tax from 20 to 40 per
cent The burdens on production
and consumption will be increased,
and in addition, the increased GUS
toms dues will be collected on
gold basis. The entire burden i'm
posed on consumption, it is asserted,
is at least equal to that in other
countries.
In explanation Of Germany's H.
nanciaI position the note states that
energetic measures will be taken
against the removal Of capital
abroad and the evasion on taxation,
such as the abolition of the obiiga'
ton to secrecy imposed on banks.
and control over the ownership OF
securities deposited with banks. 1t
explains that the railway rates, COM
pared with pre.war conditions, had
been increased nineteen fold for pas
sengers and thirty-two fold for
freight; the postal and telephone
rates were increased twenty-one fold.
The food subsidies for 1922 will
amount to only one billion paper
marks as compared with 2,250,000,-
900 previously.
The price of bread will shortly be
increased by rs per cent. A. system
for insurance for the unemployed at
the expense of employers and en-
ployes will be introduced, to replace
the existing relief system.
The ordinary budget shows, with
a revenue of 100000, 100000 marks.
and expenses of $1,000, 100000 barks.
A surplus of 16,500, 100000 available
for reparation payments. With the
object Of reducing the floating debt,
the government will raise an inter-
nal loan this year, apart from the
compulsory loan already agreed
upon. The compulsory loan will be
homecoming and is intended to fl
nance the reparations due in 1922,
without increasing paper circula-
ton.
Zone section missing)
It is absolutely necessary, il the
matter is viewed from an economic
standpoint, the note continues, that
Germany should. at lei~t for 1922, be
relieved of all cash payments on ac-
count of Preparations.
The German government recog-
nizes that economic and financial
considerations must yield to political
necessities. It refers to the figures
taken into consideration at Cannes
by the allies, namely 720,000,000 gold
marks in cash and 1,450, 100000 gold
marks in kind, and requests re-
duction in the cash payments, in
creasing If necessary, the payments
in kind