GERMAN TRADE

Pahiatua Herald, Volume XXV, Issue 2678, 14 January 1921, Page 5

GERMAN TRADE

DETERMINED EFFORT THIS YEAR. TO CAPTURE WORLD’S MARKETS. Electrio Telegraph—Press Association Copyright. (Australian-N.Z. Cable Association.) London, January 13. The present year will witness the most determined) effort on the part of Germany to regain her pre-war hold of the world’s markets. Already a flood of imports to England from the Fatherland, (including huge stocks of toys, machinery, and textiles has seriously affected the economic situation, and has greatly added to trio unemployment and the closing of fac- j tories. Now the Leipzig Fair, which hitherto lias been substantially fostered and subsidised by the German Government, is preparing for a gigantic world-wide trade sweep, directed I particularly against the reviving qv'T I seas trade of the late enemies of I Germany. It has applied -to the Go- I vernment for twenty million marks, I to be spent on trade propaganda I abroad. This is in contrast to 1919, I when it asked for and was granted I only one million marks. The direc- I tors of the Fair recognise that to be I completely successful the scheme will | infvolve another twenty millions. I This they are endeavouring to raise I from private firms. The rehabilita- I tion of Germany’s shipping is slowly I but surely proceeding, and will no- I cessarily largely affect this situation. I The Hamburg-America Company, at I an extraordinary meeting, decided to I raise its capital by a sum up to a hundred million marks. The chaiir- I man referred to the danger of for- I eign interests becoming predoniinnnt, I and he stated that Habmurg was I rapidly becoming a prosperous port. I