The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1940-09-25
rHE MONEY BALANCE

=
costing Germany S600Oooo0 daily
means that the Germans are paying
approximately twice as much as the
British to carry on the conflict.
Figures announced in London last
July. when the budget was intro
duced in the House of Commons
show the war expenditures for
Great Britain had then risen TO
sS2,Oo00OO per day
Germany's population however Is
approximately twice as large as
Great Britains. so that the per
capita war cos, is about the same
for each belligerent The British
are raising 35 per cent Of their
funds by taxation and IS per cent
by domestic loans
The Germans have been paying
more as they go getting about 40
per cent OF their war costs by taxa
ton and somewhat less than the
remaining 81 pes-eeHt- by loans
The balance has come mostly from
profits of state enterprises and pen
slties imposed on Jews.
How long Great Britain and Ger
many can continue these enormous
expenses will have bearing on the
eventual outcome OF the war. The
limit Of costs has not yet been
reached for either side Great
Britains active warfare in Egypt
will add 10 the conflicts expenses
as will the increased production OF
airplanes. Too, next spring probably
will see a great air offensive against
Germany by the Royal Air Force.
which will be costly
Germany nov is facing the prob
ability OF attempting a new mill
tary movement in the middle East.
especially II the German higA|com-
mand definitely refuses 10 endorse
Hitler's plans for an invasion Of
Britain. An idle German army for
the future duration OF the war
would be hard 10 associate with
Hitler's ambition for complete vic
tory. Added war expenses for Ger
many are therefore as seemingly
inevitable for Germany as for
Great Britain.
In general. Great Britains finan-
cisl strength is greater than Ger
manys According TO Prof Mario
Mazzuchelh Italian economist.
Germany's gold reserve totals $751;
100000 This sum includes gold
seized in Austria Czechoslovakia,
and elsewhere Itslys gold reserve
is 1925 100000. Germany will be
expected TO bolster the Italian fin.
sncial structure II It SHOWS signs
OF weakening
The British Empires aggregate
gold reserves are not definitely
known. but they are estimated at
five times the German reserve The
per capita wealth Of Great Britain
far exceeds Germanys allowing
stronger borrowing pow er
On the other hand, German CON
quests on the continent permit
economies not open 10 the British.
The German army in occupied
French territory is supported by the
French government This fact &C
counts for the great numbers OF
German troops in France. irrespec-
tive OF their possible concentration
for an invasion. The more German
soldiers there are In France. the
more does Germany save in money
and food
Germany. too, has been able 10
purchase food and material in
Europe al low prices made com.
pulsory because the occupied terri.
tories are so largely shut off from
former foreign markets. In Rumania
the oil companies have been forced
10 sell at lower price TO Germany
than 10 other countries.
Nevertheless. on balance, Grea,
Britain has the greater staying
power financially II the war is SO
heightened as 10 become a struggle
10 avoid disastrous initiation. the
British have heavy advantage over
their enemy.