Reparations (Germany).

Part of Oral Answers to Questions — Peace Treaties. – in the House of Commons on 14th March 1922.

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Colonel NEWMAN:

67.

asked the Chancellor of the Exchequer whether, since the fall in the value of the mark from 6d. at the time of the Armistice to less than ¼d. has had the effect of enormously reducing the real amount of taxation paid to-day by the successful German trader, who is paying taxation not at the rate of 38 per cent, of his profits as laid down but at the rate of 12 per cent, only, while the taxation borne by fixed incomes in Germany is proportionately the more crushing; and is this being taken into consideration in fixing the amount which Germany can pay?