AUSTRALIA AND GERMANY

Otago Daily Times, Issue 18592, 28 June 1922, Page 5

AUSTRALIA AND GERMANY

RESUMPTION OF TRADE. > MUTUAL ADVANTAGES. Press Association —By Telegraph—Copyright. 1 _ SYDNEY, June 27. The Morning Herald, in a leading article on the question of resuming trade with Germany, says that if resumption were to result wholly to the advantage of Germany there would be a more solid basis for such criticism levelled against it. The paper points out that Germany needs some of Australia’s leading products, and must look to her to buy no inconsiderable portion of her surplus products. Should Australia refuse to take German goods in exchange, how will the Germans pay? They cannot pay in money—or at any rate only in paper money, which Australia does not want; therefore if Australia refuses to take German goods in exchange for raw material the upshot will be that Germany will speedily have to look elsewhere for her supplies. Manifestly, also, if Germany is to pay her reparation debts, in which the commonwealth is interested, she must build up her foreign trade. The Entente Alliance cannot have it both ways any more than Germany can. They cannot thrust their old enemy out of participation in the trade of the great markets of the world and at the same time expect to receive the payments which can come only from such participation. HIRST SHIPMENT A FAILURE;. LONiXDN, June 26. (Received June 27, at 8.55 p.m.) The Pakeha, which is the first British ship to seek direct loading at Hamburg for Australia, only lifted 40 tons of cargo, the nature of which is unknown.— A. and N.Z. Cable.