WEST EXPECTED TO LIFT BAN ON FOREIGN INVESTMENT

Greymouth Evening Star, 20 August 1949, Page 5

WEST EXPECTED TO LIFT BAN ON FOREIGN INVESTMENT

LONDON, August 19.—“ Britain, France, and the United States will soon lift the ban on foreign investments in Germany,” Says, the Daily Telegraph. . “The military governors of Western Germany urge the removal of the ban to aid Germany’s economic recovery. “It is estimated that an average annual investment of between £250,000,000 and £275,000,000 is needed to make the Western zones self-sufficient. Most of this would come from German sources, some from Marshall aid funds, and the remainder, it is hoped, from foreign investors.” The Berlin correspondent of thp Daily Telegraph says that the incorporation of the Western sectors of Berlin into the Federal Republic now being set up in Western Germany is being discussed “at a governmental level” by Britain, the United States, and France. He adds that it is learned ; in authoritative British and American quarters in Berlin that when representatives of the Republic ask for the inclusion of Western Berlin there is every prospect that the Western Powers will approve. An earlier message from . Berlin states that for the first time in their present series of talks aimed at restoring life in Berlin to normal the four Allied commandants reached agreement on a point at their meeting this afternoon.

The Soviet Commandant (MajorGeneral Kotikov) agreed in principle to a British proposal that each half of the city should recognise the stamps of the other half. Hitherto any mail posted from the Western sectors to the Eastern sector have had to be paid for twice, once in West marks and again in Easffmarks.