TRADE SENSATION

Evening Post, Volume CIX, Issue 150, 29 June 1925, Page 6

TRADE SENSATION

FRANCO-GERMAN STEEL

TRUST

"UNQUESTIONABLE AUTHORITY"

DISPOSAL OF FRENCH ORE AND

RUHR, COAL.

(nSITED ; PRESS : ASSOCIATION—COPYRIGHT.)

(AUSTKAUAN-NEW. ZEALAND. CABLE ASSOCIATION.)

(Received 29th June,, 2.30 p.m.)

LONDON, 28th June.

The.;"." Daily Telegraph'^ " Berlin correspondent: says that-after many months of negotiations an, agreement has been reached for the formation of a FrancoGerman .iron-and steel trust. -"Those interested may, deny the statement," :he says, "but I have received it on unquestionable authority." . -"'•-■ .".".■• '".-

France receives' the right to: send to Germany 1J million lons of/.'ivon ore from AlsacorLorraiiie, the,. Sarre, .and; Luxembourg, per annum. The German and French 'heavy industries will retain control of, their own''markets, and will form a juint syndicate for foreign operations, the orders /from which will.ho divided proportionately between Franco and Germany;-. „;: a ,',.,.

..A separate syndicate is being formed to control, the output, arid long-term contracts. are being made for* the delivery of Fronchore to Germany Xand Ruhr coal .to France. ;,, j. '...

.The agreement opens up the prospect of -comprehensive industrial' /co-opera-tion between "France, and Germany,; the political consequences of: which, are most important. . c :. . ; :/ ,V. '.;