YUGOSLAVIA ACTS.

Manawatu Standard, Volume LVII, Issue 101, 31 March 1937, Page 2

YUGOSLAVIA ACTS.

DISCIPLINING GERMANY. While there is a section of British opinion favouring German economic, or even political, leadership in Middle Europe. Yugoslavia at least finds trade relations with Germany sometimes difficult. The Yugoslav National Bank has issued currency regulations designed to halve Yugoslav exports to Germany. These exports had been so heavy during the first ton days of March that Germany’s trade debt to Yugoslavia increased to £2.850,000 and Yugoslavia feared that it would soon rise to more than £4,000,000. Germany lias now agreed to reduce her trade debt within a reasonable time to £1,000,000, and the regulations have been withdrawn. Yugoslavia has agreed to supply Germany irrespective of the agreement, with a further 50,000 tons of wheat and maize. A commission from the Yugoslav liar Ministry has been in London negotiating armament contracts as part of the additional £14.000,000 defence progrannne recently voted. Yugoslav trad© with Britain has improved considerably since the trade agreement was made in December. It is duo for renewal in U The Vienna correspondent of the London Times states that British and French stocks are rising rapidly throughout the Danubian and Balkan countries owing to the greater resolution recently shown in matters of international policy, and the energy displayed in rearmament.