ADVERSE TRADE BALANCE

Nelson Evening Mail, Volume LXVI, 18 February 1935, Page 5

ADVERSE TRADE BALANCE

WORST FOR YEARS CONDITIONS IN GERMANY (United Press Association—B» Electric Telegraph— I r| opyright) (Received 18th February, 12.25 p.m.) LONDON, 17th February. Germany’s imports for January increased by £400,000 and exports declined by £4,500,000 compared with December. Exports were lowest for any month since the Nazis took over control, and the adverse trade balance is the worst for the past seven years. • January generally brings an increase in the adverse balance, but the size of last month’s has shocked the commercial community. Mr Walter Citrine, Secretary of the Trades Union Congress, speaking at Manchester, declared that one-third of German workers are earning under 15s per week, another third under 24s Gd, one-fifth between 24s Gd and 32s Bd, and less than 1 per cent, are receiving £2. Wages in Germany are now the lowest for the half century.