BRITAIN WILL PLAY GERMANY AT OWN GAME

Auckland Star, Volume LXIX, Issue 286, 3 December 1938, Page 9

BRITAIN WILL PLAY GERMANY AT OWN GAME

BUSINESS METHODS. No Desire for Trade War, But Will Not Shirk. WORLD MARKETS UPSET. I nlto.l Press A«odatlo n .—Copyright. (Kccciveii Id.:;o n.m.) Li ».\I)(>N, Dpcpinlipr 2. T;;|;',;v',u ( ,l Uv ,| IP - l>wilv TH(> . ' '>• S - Hudson, I'arlinh> t|„. 0v,,.,,., ; ''l'" ,- l fiicul, S„i,| n,.,, ,s rilis|| "'- V I ,"' if 111-CI'S-••'O l" 11 u111 CrniPin tni'lo methods M " "" > in -<'iii 1,.,.;,,, | )u( 111 ll "' "uirkris ~t Hi,, world. 'Hi,- ,* rti11I c*i, t i.,f..,,t„f "T VMI - ( "- 1 ":iin~ lIIP,|M. ()|I 11 " """I'l continue (~ 'I commercial " "I'l 1 1<»fI,iX . 11)1(1 it inllil | 11,1 i' 77 '' '"'I IK-W Illet lloi|s Would 1,0 '"'I "< 1 1 I'M. I ,|, ~,.U >i( j, ms ;| Ihp P\il, t. I•Ml 11 ~f tllCse lllPtlxxls , vas being ( i.MHi,I,|, v t | u , <,\ eminent. He em |>1,.i —I- ft 1 flint Britain ,li,l „ ( ,t want ii ir.,,|e Mi,,- with rimnv. I.iit if n.. ot her way uuv left Brit ain ' w mil,l riot. shirk Midi >i wur. The 0,,\ eminent desire,l ii trade agreement with (Jerinan.x. \\ hieli ntlier nations coiilil join, but, until such agreement was reached. Ami a- 11■ 11.ir a- (o-rmanv maintained her pre-#-lit. trading met h.ids wherebv she secured u -t i a'li'jlehidd o\ er various count lies nt the cost .if her own |ie..|de, we shall lie force,l t«» -te[> ,I< iw n intu the a reini and meet her at her own gn rn e. "Her method*? are destroying trade And unset! ling eondit ioiis all over the world. They must he countered." T-'nder the heading. "An English Challenge, ' the "Deutsche says Germany is not claiminsr a monopoly of markets in Central and ■Southeast Europe, anrl does not wish to Pxelude Britain. The Ottawa Pact elosed large trade areas to other countries, which was neither fair nor free competition. NEWS WELCOMED. MR. HUDSON'S STATEMENT. (Received J p.m.) LONDON", December 2. The City welcomed Mr. Hudson's announcement, particularly as it followed hints that rearmament finance would eschew increased taxation in favour of loans, thus indicating the (iovernment's anxiety to maintain civil production and export trade. However, financial commentators doubt whether purely internal efforts of export industries will be sufficient in view of the Herman State-backed export drive, whose resources are superior to British cartel funds. While tTfe sterling improvement is welcomed, the money markpt's attention is focused on repatriation of French capita I. which may exceed £10.000.000, the bulk of which is involved in conversion from sterling. Stock exchange business dwindles, although selling was rarely on a scale seriously to affect, prices. (Jilt edged stock recovered. New Zealand and Australian dried ur> in mid-week Jjut prices have not rpcovered. I