GERMANY’S TRADE DRIVE

Evening Star, Issue 23092, 19 October 1938, Page 10

GERMANY’S TRADE DRIVE

DR FUNK'S MISSIBK H(W ECMfIKIC AXIS ENVISAGED Pre«* Association-—By Telegraph—Copyright BERLIN, October 18.' (Received October 19, at 8 a.m.): Back after his Balkans tour, on which he astutely set out the moment the Czech cloud showed sigasof lifting, l Dr Funk envisages the addition of » Rumania-North Sea-Black Sea economio axis, and sees therein no threat to tH« Western, Powers, because Germany hitherto has bought from south-east Europe twice as. much as Britain, France, and America combined. AGREEMENT WITH POLAND ADDITIONAL TO BARTER ■ EXCHANGE. ■ v BERLIN, October. 18/ (Received 1 October , 19, at 1,30. p.m.) Immediately after'Dr ; Punk's'Balkan tour, a supplementary trade agreement between Germany and Poland was .announced, under which Germany it granting - credits of approximately £5,000,000 for the purchase , from Germany of factory machinery during the next two and a-half years. The credits will be liquidated! over six' to nine yeari by ’ the export to Germany' of additional gram, and ’ timber- Most of Poland’s 1938 grain surplus has already been sold to Germany. The new . agreement ; is additional to that which, came into effect in September, under which the annual barter exchange of goods was valued l at over £10,000,000. With the present agreement 40 per cent, of Poland’s foreign trade will bt with Germany. FRANCE PERTURBED PARIS, October 18. (Received October -19, at 1.30 p.m.)' French political and business circlet are perturbed at the prospects of German economic domination in southeast Europe, and see the trade drive as the forerunner of political domination. Commentators admit that France itnot in a position to offer comparable economio advantages. ; '