Pensions Deferred

Last week Germany's economic planners dishedup a heaping spoonful of disappointment to the ever hopeful German people. Just as the Strength Through Joy automobile, for which Germanshad paid installments for nearly two years against indefinite future delivery, was junked in favor of the less joyful tank and airplane, so last week was scrapped a grandiose plan for old-age pensions. Adolf Hitler gave Dr. Robert Ley, head of the Labor Front, administration of the pension plan as a present on Dr. Ley's 50th birthday last February. Last week Dr. Ley let it be known that the plan would be shelved until after the war.

Lest the German people should become worried about their declining years, Dr. Ley assured them that victory would more than make up for wartime's hardships --rationing, shortages, forfeited automobiles, postponed pensions. "The plutocracies," wrote confident Dr. Ley, "will pay for all that!"

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