ECONOMIC PROBLEMS

New Zealand Herald, Volume LXXV, Issue 23227, 22 December 1938, Page 12

ECONOMIC PROBLEMS

GERMANY AND BRITAIN DR. SCHACHT'S INQUIRIES TRADE FACILITIES SOUGHT LONDON, Dec. 20 An official statement from Berlin admits that when the president of the Reichsbank, Dr. Schacht, was in London, he discussed economic questions. Notably he inquired whether recent statements by the British Ministers would invalidate the understanding that there should be negotiations to develop trade between the two countries, thus facilitating German commerce with certain British oversea possessions.

Tlie Berlin correspondent of the Times gays there were preparatory discussions in which Germany understood that in future negotiations with Britain price agreements and a division of the markets of the world should be specially considered, with which recent British. measures to assist the export trade are regarded as inconsistent. The correspondent also quotes the German hope for an international loan to provide migrating Jews with foreign exchange which wotdd eventually be liquidated by German exports, especially in countries interested in the settlement of Jews.