Reparations (Germany).

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

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Photo of Sir Robert Horne Sir Robert Horne , Glasgow Hillhead

I am unable to verify the percentages quoted by my hon. and gallant Friend, but I entirely agree with him that depreciation of the currency is a form of taxation which crushes that part of the community which depends on fixed incomes while letting off the trader (so long as the process of inflation can be continued) much too lightly. The Reparation Commission is giving full consideration to this aspect of the problem of German taxation in assessing Germany's capacity to pay.