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Show TiifllTl STANDS TEST Germany Has Better Organization Organi-zation for Mobilizing Financial Finan-cial Resource Than the Allies. Berlin March 11, via London, 12.15 P. m. The Berlin newspapers today give considerable space to the speech with which the secretary of the imperial im-perial treasury Dr. Karl Helfferich yesterday submitted the budget in the Reichstag and it is evident that his presentation of the rrnanoal situation situ-ation is attracting favorable attention. "Germany's credit haB stood the test of war better than has that of Great Britain or France,"' Dr Helffev irh declared- "Germany alone has avoided a general moratorium French rents have fallen from 12 to 15 and English consuls about seven points, while German three per cents have fallen only 5 T2 points since tne war began Reichsbank Makes Good Showing. ' The Reichsbank." the secretary of the treasury continued, "has made u far better showing than has the Bant of England or the Bank of France. The Reichsbank has a gold reserve of 36 2-10 per cent of its circulation and deposits. Similar figures for the Bank of France show 31 3 10, while for the Bank of England they are below be-low 30 per cent" The unfavorable condition of for, eign exchange of Germany has nothing noth-ing to do with the intrinsic monetary situation. Dr. Helfferich declared, but resulted entirely from technical factors, such as the interruption of foreign trade and the fact that German Ger-man balances abroad could not be collected. col-lected. English ridicule of the depreciation de-preciation of the German oxchange has grown rarer, the speaker declared, since the pound sterling had lost 3 per cent of Its value for the purchase I of dollars. Many to Solicit Subscriptions. German, according to the secretary 'of the treasury, has a better organisation organi-sation for mobilizing her financial resources re-sources than hae her enemies. The ! organization for floating the present lloan has been perfected. The post-I post-I offices, local magistrates, rlergymen and teachers have been enlisted to solicit subscriptions. Germany is keeping in touch with Austria-Hungary and Turkey, the speaker declared, with the view of extending them financial assistance Germany and her allies hae a con-I con-I siderable lower war cost to meet than have their enemies, whose total daily expenditure amounts to almost 120,-000.000 120,-000.000 marks ($30,000,000 ) |