GERMAN AFFAIRS

Greymouth Evening Star, 4 June 1934, Page 2

GERMAN AFFAIRS

JOURNALIST’S IMPRESSIONS

[BY CABLE —PRESS ASSN. —COPYBIGHT.] (Recd. June 4, noon). LONDON, June 3 ; Mr Stephens, in the “Sunday Express’’ says that he is determined to tell what is happening in Germany. Her foreign trade is dwindling alarmingly monthly, owing to the depreciation of the pound and dollar, and the boycott by Jews. On the contrary, the home trade, stimulated by the new national courage and by Hitler, has improved out of recognition. Unemployment is halved, and gigantic labour schemes are in full swing. People are spending freely, but I ho desperate shortage of foreign currency is hindering the imports of necessary raw materials. “L believe Hiller will last. He. retains a hold on the mass of people, wno have no alternative to him, but military dictatorship or Bolshevism. I do not foresee either. Germany is arming faster than any othei nation. All available foreign currency is going into foreign made aeroplanes and armaments, but there is a long way to go before she will have sufficient machinery or money for immediate war. I do not think it will come to an offensive war by Germany. My advice to Britain, is “keep out.’’ SAAR PLEBISCITE. GENEVA, June 2. The French delegation announced that they have reached an agreement with Germany as regards the Saar, namely, fixing the date of plebiscite for January 13 next. The inhabitants are to exercise their liberty to vote with full guarantees against oppression. RUGBY, June 2. An agreement on the question oi the Saar plebiscite, which is recorded in the report of the committee of three, under Baron Aloisi, was submitted to-day to the League Council for approval. LOSS OF GOLD. BERLIN, June 2. The gold coverage of the Reichsbank’s note issue has dropped to the record low level of 3.7 per cent. The bank’s total gold and foreign ettr/ewy reserves are now only 135,800,000 marks. The loss of gold is attributed to the payments for Germany’s imports and a further loss is anticipated for transfer purposes.