Economic Policies Compared

Northern Advocate, 30 December 1938, Page 5

Economic Policies Compared

LONDON, December 29.

The “Daily Telegraph,” in a leading article, points out that the economic measures in Germany and Japan represent a progressive invitation to the principles of Bolshevism, which is professedly anathema to both. Economic Bolshevism means the complete conscription of productive resources, the “Telegraph” says. The only difference between the two countries is that Russia organises economy in the interest of Class instead of race, japan’s new ordinances mobilising economic and controlling labour and capital are the first step on the lines of the German measures, and are substantially similar to Russia’s.

Germany’s Effort 'LONDON, December 29; A Berlin press announcement that persons holding winter relief fund coal coupons for December will not obtain supplies before January 1 was an official admission that Germany is suffering an acute coal shortage, says the correspondent of .the “Daily Telegraph.” | ‘ The reason is the enormously increased demands by industry in order to. keep up the pace of the Four Year Plan. Germany’s desire .for selfsufficiency in petrol, is also absorbing millions of tons o i coal annually for the extraction of the by-products.

Hero of Socialist Year / i;; : " MOSCOW, December 29. I In an attempt to stimulate industrial output, the Government has created the title “Hero of Socialist Labour,” which will rank with “Hero of the Socialist Union.” The new award entitles the holder to a stipend, money premiums, housing and a motor car. It is intended to create a super group of privileged workers.

Staple Fibre Replacing Wool (Independent Cable Service). LONDON, December 29. The “Daily Express” says the world production of staple fibre in 1938 set a new record with an estimated total of 858,000,000 pounds, compared with 622.000. pounds in 1937, and 20.000. pounds in 1932. The increase in production is most marked in Germany, Italy and Japan, where the reduction of wool consumption by some 700,000 bales between 1933 and 1937 is almost entirely due to the development of staple fibre.