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Show GERMANY LEVIES TAXES Burdens Will Reach Terrible Ter-rible Height Says Chancellor. DRAFTING BILLS National Assembly to; Act Promptly on Finance Measures. BERLIN. Tuesday. July S. (By the Associated Press) Germany is quickly quick-ly to return to a peace time financial basis, said Mathias Erzberger, vice chancellor and minister of finance, speaking at Wermar before the German Ger-man national assembly today. "The empire's needs must be divided henceforth hence-forth between home needs and indemnities," indem-nities," he said. "The year's expenditures expendi-tures confronting us will amount to about 17.500,000,000 marks. I am firmly resolved to tread the hard path of economy and therefore have given out the watchword that from October first, 1919, there shall be no more items not detailed and there shall be no more war funds. The war finance system shall cease and a regular budget bud-get system must be re-established." After citing the returns to the empire em-pire from tax measures prior and during dur-ing the war and estimating the revenue reve-nue to be derived from new tax bills. Herr Erzberger said: "There still remains a sum of over ten billion marks to be covered." Ministry Drafting Bills "The ministry of finance has almost completed the drafting of two important import-ant bills levying new taxes which I intend to submit to the house before the parliamentary recess," he continued. contin-ued. "These call for a large single levy on property and a large tax on business turnover but even if these bills are passed, the money for the payment of indemnities must be obtained ob-tained in some other way. In the autumn au-tumn new bills will be Introduced in the national assembly with the final object of covering this deficit "The burdens of taxation will reach an absolutely terrible height A floating float-ing debt of 72.000,000,000 marks is a constant danger and the removal of this debt is one of our most urgent tasks There aie two ways in which to do it either its conersion into a funded loan, or iLs extinction by big levies and a heavy property tax. 1 do not indulge the hope that these two ways will immediately yild the entire liquid amount of 72,000.000,000 marks. It Is the duty of propertied people not only to bow to a state of compulsion, but lo achieve an inward conviction as to the necessity of giving giv-ing up all riches and all that is superfluous. super-fluous. "Changes in the system of taxation will be speedily submitted to the national na-tional assembly and this reform will represent the completion of the whole work." Herr Erzberger concluded by asking that taxation bills be disposed of before be-fore a recess is taken, adding: "The war takes our riches. The world has 'denied us international jus tice. All the more passionately and energetically, however, will we work! for the homeland again and flourish- I ing in justice, concentrate our care and endeavor upon the poor but Just German." Siege Not to be Raised PARIS. Tuesday. July 8 The chamber cham-ber of deputies today rejected a bill providing for the immediate raising of; the state of siege and the suppression 1 of the censorship, the vote being 256 to 202. The government, represented! by Stephen Pichon, th- foreign minister, min-ister, opposed the measure. M. Pichon declared that this step was impossible before the treaty of peace becomes effective through its ratification by three or more powers. Several Persons Killed. BERLIN. Tuesday. July 8, Via London. Lon-don. Several persons were killed or wounded in the fighUng Monday bt j Hanover when a mob released the prisoners pris-oners in the castle. Martial law has-been has-been proclaimed there. |