GERMANY’S COMMERCE.

Manawatu Standard, Volume LV, Issue 83, 6 March 1935, Page 7

GERMANY’S COMMERCE.

DESIRABILITY OF COLONIES. TRADE WITH AUSTRALIA. BERLIN, March 5. Dr. H. G. H. Schaclit, Minister of Economies and president of the Reicbsbanlc, addressing business men at tho Leipzig Spring Fair, said that it was becoming daily more obvious that colonies were absolutely necessary for an industrial State as sources of Raw materials. it was clear that if Germany had her colonies her transfer problem would be immensely easier. She had no alternative to obtaining raw materials by barter and must buy where she could obtain them in exchange for German goods. Dr. Schaclit, speaking at the Leipzig Spring Fair with Herr Hitler’s full approval, regretted that Australian wool-growers could no longer sell wool to Germany because the Australian import organisation was not adjusted to the direct importation of German goods. Nobody would be more pleased than Germany if international co-operation coukl abolish the present primitive procedure and restore multi-lateral trade. The currency devaluations of various countries were unsatisfactory. England, where the pound was rapidly sinking, seemed to be trying to expel the devil from Beelzebub. Germany, on the contrary, had taken her fate in her own hands and was buying only what she could pay for.