Show HUNGARY IS NOW BANKRUPT Magyar Political Economist Says Interest Jn In- interest in- in terest on Debt Almost Equals National Production n. n Dr Eile Ede in a n recent article In the Az Est of Budapest entitled Hopeless makes some startling reve reve- In III regard to the state finances finance of Hungary according to the New NewYork NewYork NewYork York Times Doctor Is not only a prominent Magyar political economist econOmist economist mist but he lie is an ardent supporter o of close economic relations with Germany He TIe lends leads up to the statement that tha Hungary Hungar Is Insolvent by pointing ou out that while the productions of Hungary r realized In the year before th the war the he war had cost the state up to March Murch 1 I and that an nn equal amount would he necessary necessary sary to liquidate national expenses at atthe atthe atthe the close of the war war war-If If the end came soon Hence while the tile whole national national na nn production has never exceeded the government will be called caned upon to pay In Interest alone This is he says why the Magyars refused to entertain the last war loan the true figures of which have never been published He predicts predicts predicts pre pre- a revealed catastrophe with the floating of ot the new war loan If the Ute wage earners he declares were to pay 00 CiO per cent income tax and the farmers 00 CiO per cent of their produce In taxes and amI the time Industrial products were requisitioned entirely even eyen then the needs of ot the state slate would not be covered ered And If the time state were to seize the tile entire agricultural products products products prod prod- of the country after the war from the producer would still be wanting to 10 cover the Interest the time state has to pay on the thear war ar loans |