Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 23, 1969, Winnipeg, Manitoba Revalued Mark expected by Leonard Greenwood Bonn in the world outside Ger Many the Waves of Specula Tion Rise and fall. In the West German capital of Bonn top politicians angrily deny it will come about. But in the cafes Beer gardens and wine cellars of Germany the people have Little doubt. The Deutsche Mark they say will be revalued after the West German National elections of september. And nowhere Are people More certain than in Bav aria the. Political stronghold of Franz Josef Strauss the West German finance minis Ter who has been loudest in his denial that there will be revaluation. There is a temporary Lull after the International monetary panic of three months ago when vast sums of Money poured into Germany in the expectation that a Rise in the value of the Mark was imminent. But though the flow has eased it continues and Bank clerks handle incoming dollars francs lire and other foreign currency with a skill that comes from con Tant practice. In one big Munich Bank to which i had transferred Money for k recent visit the foreign Exchange counters were stacked with attractive brochures in English French and Adver Tising investments with Spe Cial tax free provisions for foreign investors. Do you wish to invest this asked the Teller a blonde Beautiful and extremely competent Young woman. There were she said some very Good returns offerd on Safe investments. Of course she added now was a Good time to invest in Germany with the Prospect of an extra Bonus from the revaluation later this year. You seem very sure it will i said. Your government says it won of a that s she replied with the kno Wing smile of a joke shared Between friends. But it will come after the elec Sicher i asked. She said nodding her head and draw ing Down her lips for extra emphasis. Bestimt is far More than a simple affirmative. It Means that s for or that s in the German language. There Are few words More final. Shopkeepers people you talk to on buses or Over a Beer show Surprise when you ask them if there s going to be revaluation. Repeatedly West Ger Man economics experts have advised an upward change in the value of the Mark. This they say would make German goods More expensive abroad and Cut the soaring profit West Germany is building up in foreign Trade. The present situation they say is unhealthy and opens the door to inflation. But West German Chan cellar Kurt Georg Kissinger has withstood these internal pressures and the urgings of foreign governments and has refused to revalue. Or. Stra uss has backed him and ridiculed those who speak of inflation and the need for revaluation. The German who has Learned to live with the compromises of politics sur Veys the situation with a cynical Eye and Points out that the present Boom will last Long enough to return the present government to Power in elections. Revaluation could reverse that Prospect. And Here s where the cynic s Eye comes to rest on or. Strauss. Or. Strauss has emerged from years of political Bat Les with some Savage in fighting As one of the major political figures in Germany. His Power base is in Bavaria and Bavaria Des Pite its growing Industry is a farming area. It it precisely those far mers who give or. Strauss his Power who would be hardest hit by revaluation. German Industry could More than hold its own in International t r a d a but German f a r m e r coping with High wages and Handi capped by a poor climate Are already being forced out of one crop after another. Revaluation will come say the cynics. But not until the election is Over and or. Strauss is safely Back in office. Bestimt Winnipeg free press. Wednesday july 23, Cut Macaroni Chi Iono Spaghetti Cre Mettes 2, pkg 43c rights fancy 14 Al. Of. Appie sauce Rina 20 Al. Of. Cat Chow 39e Jouy Timi Tsuo 16 of. Popcorn peek Frean ass Tel. Biscuits Jenkins Loveliss 7 Al. Of Chicken in. Pkg. 59c Mcgavin Date Coffee cake is pkg. 41 c powdered drinks Koolard 5pkgs.29c Tomato juice 48f1.0z 2t.ns 75c ay1mer Chc. 14 Al. Of. Mix or match peas Cream Corn _ _ 5 tins 99c Allorto v.o.5 hair Spray 10 of. 1.35 screen Glare new York White is Seldom worn before to Cam erts since it causes Glare. Pastel colors Are generally used. Ramico of. Shreddies______47c Canada White Mclung vinegar 85c Cracker Barrei mid., 12 of. Cheese 75c quake 12 of. Cornflakes Paramount chunk 7 of. Tuna tiny Alaska 5 flow. Shrimps 2 for 89c club Standard 14 flow. Peaches 4 Agumir Choice. 19 flow. Tomatoes Solo coloured. Parch. 4c Oft Margarine dressing 65 drinks Cott s canned 10 of. 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