INTO COLD STORAGE
German Finance Going To Sweden LONDON, February 10. German “big. business” chiefs are transferring their capital to Sweden, says the “Evening (Standard.” They fear that the Allied bombing and eventual defeat will ruin the German economic machine. Three of Germany’s largest concerns, Telefun-ken, Siemens, and A.E.G., have -already built new factories in Swedeq. They hope that Sweden’s neutrality will protect their money and factories.
Behind this move to put German capital into cold storage is the president of the Reichbank, Dr. Walter Funk. represents many non-Nazi business men whose support of Herr Hitler is waning. His bitterest opponent is the Minister of Wat Production, Dr. iSpeer, who is a close friend of Hitler. As German factories crumble under Allied bombs. Dr. Speer' urges big business to build other factories in Austria and Silesia', but Dr. Funk replies that , any rebuilt factorieij iu Austria and Silesia will come into the Allied bombing range- later. Even if they escape, he adds, they may be taken over as' reparations by the Allies.
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Bibliographic details
Dominion, Volume 37, Issue 117, 12 February 1944, Page 8
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172INTO COLD STORAGE Dominion, Volume 37, Issue 117, 12 February 1944, Page 8
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