GERMANY'S TRADE RECOVERY

Northern Advocate, 29 September 1920, Page 2

GERMANY'S TRADE RECOVERY

Germany's exports during the first five moniJhs of this year more than doubled her output for the whole of last year. The exports for May were more than double those for the previous January, and since March the exports have exceeded the imports. The ! cablegram which gives us this information points out that the export figures include unspecified quantities of goods, and possibly money, we piesume, sent awuy to moot the claims of the Allies for reparations; but even after allowance is made for that fact the record of Germany's increasing trade certainly is very remarkable. It is obvious that the German people are working hard in their'efforts to rebuild their great industrial edifice, and they are not only achieving a very large output of raw materials and manufactures but also organising means of distributing and disposing of their products. Within the past' few months Germany has seen the growth of some exceedingly large trade organisations, whose purpose is to foster the expansion of business which the increasing output will justify. Various amalgamations of allied industries have been effected, and an Association of Gorman Export Finns was formed in Berlin a few months ago with tho object; of co-ordinating the efforts of tho trade organisations. One of the largest among these is the Steel Association of Solingen, which embraces the State Steel Association, tho Cast Steel Association and the Association

of Users of Essen Knifo-blade Steel. Germany apparently is to have a meat trusti of its own, the Association of German Meal, Packers and Camicrs and ' the Meat Packing- Company, which is a new institution, having organised a joint effort to control tl'he whole of the meat trade. Other great industries are being organised along similar lines, and it is clear thati the idea of the promoters of these combinations is to capture important places in the world's markets as soon as German tirade is freed from the present restraints. Jt is indicative of the completeness of German methods than British manufacturers were recently alarmed by the great quantities of toys which were reaching Britain from Germany, but it will not be the fault of the Germans if fi.r more important commodities than toys do not soon iind their way into the British markets. Germany has already begun a new invasion, and it is not difficult to believe that she will . work hard to make it successful. The doctrine of hard work appeals to the Germans, and in this respect they teach othor peoples a lesson. The nation that wishes to recover quickly from the effects of the war must concentrate all its energy on work.