NAZI ECONOMICS.

Auckland Star, Volume LXX, Issue 156, 5 July 1939, Page 9

NAZI ECONOMICS.

Efforts To Maintain Arms Production. EXHAUSTED LABOUR RESERVE. (Received 2 p.m.) LONDON. July 4. "The Times" Berlin correspondent says the report of the Reicliskredit Gesellschaft on the economic situation of Greater Germany for the first half of 1939, shows that the nation, despite the incorporation of Bohemia, Moravia and Memel, exhausted its labour reserves.

Germany, with declining exports and a heavy agricultural deficit, is making an effort to maintain armament production and regain foreign markets, but since all the reserves of labour and plant are fully employed, a vital increase in production can be achieved only by raising the productive capacity of workers and plant rationalisation.

The adverse trade balance for the first quarter of 1039 was 113,000,000 marks, as against 140.000,000 in the last quarter of 1938. Prices of industrial stocks have steadily declined because Government loans and public finances absorbed aJI available capital, leaving little for investments. CANCER AND T.B. NEW FIELD FOR RESEARCH. (Received 2 p.m.) LONDON, July 4. The Duke of Kent, presiding at a meeting in connection with Papworth village settlement for the disabled, referred to the theory evolved by "Dr. Barron Cruickshank, one of the Papworth research workers, that there was a definite link between tuberculosis and cancer. Sir Pendrill Varrier-Jones, founder and director of the settlement, warned that there was no question of the discovery of a cancer cure, but a new line of approach had been discovered, possibly leading to promising fields. BUDGET SURPLUS. QUEENSLAND SURPRISE. (Received 10.30 a.m.) BRISBANE, this day. A surplus of £14,000, instead of a deficit of £215,000, as estimated, is shown by the Treasury figures for Queensland.

FEWER UNEMPLOYED. BRITISH LABOUR RETURNS. British Official Wireless. RUGBY, July 4. Returns issued by the Ministry of Labour show another considerable decline in the numbers of registered unemployed in Britain. It is estimated that the number of insured persons in employment at June 12 was about 12,810,000. an increase of 143,000 compared with the previous month, and, on a comparable basis, about 000,000 more than a year ago. On the same date the registered un-

On the same date the registered unemployed totalled 1,349,579, comprising 1,098,793, wholly unemployed, 195,62.5 temporarily laid off, and 55,161 normally in casual employment. This total was 142,703 less than the month before and 453,333 less tlian a year ago.