Conditions in Germany.

Gisborne Times, Volume LXVIII, Issue 10711, 8 October 1928, Page 5

Conditions in Germany.

SURVEY OF ECONOMIC POSITION. VICIOUS SYSTEM OF HlGhl WAGES AND HIGH PRICES. United Press Assn, by El. Tel Copyright (Australian Pres* Aesn.i {Received October 7, 5.0 p.m.) LONDON, Oct. t>. Mr TheiwalJ, nntish commercial counsellor ut Berlin, in a. careful analysis of the economic conditions in Germany in the Board of Trade journal, says that, while suffering a temporary' set back to tho home market, there is no reason to anticipate a real check in the country's general progress- There is merely a slowing down in the puce of tho general recovery from the ravages of inflation, which have been too hot to last. A valuable index of the general prosperity last year was shown by the fact that the total actual ividend distributions by 129 industrial companies quoted on tlie Stock Exchange showed a .. thirty-four pel cent, increase over the previous year. Twenty-seven transport companies showed a similar increase or -54. per cent. Mr Thelwall s references to the Labor situation are of special interest to Australia— He says the most striking feature has been the increase? of wages and salaries. The system of official arbitration and ol : compulsory awards has cut short many disputes- threatening to become prolonged struggles, bo far, the workers have practically uiwavs obtained increases, but the consequent continual upward trend of prices is- giving concern. The vicious circle of wage and price increases is unbroken and no effective step to bring about stability has yet been thought out. *