GERMANY.

Taranaki Daily News, 2 June 1916, Page 5

GERMANY.

THE ECONOMIC WAR. STATEMENT. Zurich, May 31. Herr Heineken, director of the North German Lloyd Company, declares that Germany cati complacently await the threatened commercial war. Englishmen have apparently forgotten that Chamberlain's idea of a Greater Britain in the • Imperial economic sense was frustrated owing to the opposition of the colonies, jfhicn feared the loss of the German market. These'conditions have not changed to-day. A boycott after the war will merely drive all niutrals into Germany, , who Will haturally offer them specially advantageous terms. Germany cannot be eliminated economically, without bringing down the whole fabric of the world's economy and Jurying her foes and neutrals alike: GERMANY'S SHIPPING BUSINESS. London, May 31. Tie.' Shipping Record states that of fifteen leading German shipping companies only three paid dividends in 1915, of six, four, and two per cent, respectively, by winding up accounts, counting interest receipts in the profits and trenching on their reserves. Seven; companies did not publish bal-ance-sheets, including the German East Africa, Nord Deutscher Lloyd, German ' Levant, and' Hamburg-Amerika comjttniea. NEW WAN WANTED. Copenhagen, May 31. The Reichstag will meet next week and will be asked to authorise a war loan of 1*2,000 million marks (600 million sterling).