Show HUNGARY IS NOW BANKRUPT Magyar Political Economist Says In Interest Interest Interest In- In terest on Debt Almost Equals National Production Dr Ede In lit a recent article In the Az Est of Budapest entitled Hopeless makes some startling revelatIons revelations reve reve- lations In regard to the state finances of Hungary according to the New NewYork NewYork ew York Times Doctor Is not only a prominent Magyar political economist economist economist mist but hut he Is an nn ardent supporter of close economic relations with Germany lie leads up to the statement that Hungary is Insolvent by pointing out that while the productions of Hungary Hungar r realized In the year before the war 9 the war had cost the state up to March 1 and that nn an equal amount would be necessary 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 whole national nn- nn production has hns never exceeded the government will be I called upon to pay In Interest alone This Is he says why the Magyars refused to entertain the last war loan the true figures of ot which have haye never been published He lie predicts predicts predicts pre pre- a revealed catastrophe with the n floating of the new war loanI loan I If the wage earners he lie declares were to pa pay 50 per cent Income tax and the farmers 50 per cent of their produce in taxes and the time industrial lal products were requisitioned entirely even then the needs of or the time state would not be covered And If the state were to selz seize the entire agricultural products prod- prod nets of ot the country after the war from the producer would still be wanting to cover the Interest the state te has hns to pa pay on the war loans |