GERMAN INDUSTRY REVIVAL
GENERAL PROSPERITY REPORTED. PHENOMENAL TRADE EXPANSION. By Telegraph—Press Assn.—Copyright Received Oct. 4, 8.30 p.m. Times. London, Oct. 3. The annual report of the British commercial councillor at Berlin has been issued by the Department of Overseas Trade. It emphasises Germany’s general prosperity despite the slowing of industry due to re-equipment, rationalisation and reparations. Savings bank deposits have increased by £135,000,000. The iron and steel trade has overcome a critical period, contrasting with the British position, and the shipyards and engineering -works are better employed. The motor industry shows a phenomenal expansion, production having increased by £25,000,000 since 1920. Foreign trade has expanded by £70,860,000, compared with the British increase of £14,000,000. The report refers to the extraordinary elasticity of German commerce and the ability of German manufacturers to force up exports to a remarkable degree.
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Taranaki Daily News, 5 October 1929, Page 9
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138GERMAN INDUSTRY REVIVAL Taranaki Daily News, 5 October 1929, Page 9
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