SWEDEN AND WAR
GREATER ECONOMIC STRAIN Svenska Handelsbanken. one of Sweden's big business banks, reports a practically unchanged net profit for 1941 of 8,200,000kr. (£482.000), after having set aside over 9,000.000kr. for taxes and depreciation. The dividend is maintained unchanged at 9 per cent, requiring 8.100.000kr., states the official organ of the Swedish Chamber of Commerce for Australia and New Zealand.
The report is accompanied by an interesting and detailed survey of the economic development in Sweden during the past year. The effects of the war have been felt more and more in Sweden, and the strain on Swedish economic life is certainly increasing, the bank writes. Despite all restrictions, worries, tax increases and State demands for borrowing, a retrospective survey of the past year, however, gives cause for deep gratitude. Sweden's peace has been preserved, the food supply has had to be considerably cut down, but is not characterised by want, the production apparatus is in good condition and is In essential parts well employed, and the monetary system is characterised by resistance power.
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Auckland Star, Volume LXXIII, Issue 229, 28 September 1942, Page 5
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175SWEDEN AND WAR Auckland Star, Volume LXXIII, Issue 229, 28 September 1942, Page 5
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