GERMAN TRADE DECLINE
SERIOUS IMPORT DROP LOW WAGES BEING PAID TRADE BALANCE SHRINKS WORST FOR SEVEN YEARS By Telegraph—Press Assn.—Copyright London, Feb. 17. Germany’s imports for January increased by £400,000 and exports.declined by £4,500,000 compared with the December exports; the lowest for any month since the Nazis took over control. The adverse trade balance is the worst for the past seven years. January generally brings an increase in the adverse balance, but the size of last month’s has shocked the commercial community. Mr. Walter Citrine, president of the International Federation of Trade Unions, speaking at Manchester, declared that one-third of the German workers are earning under 15s per week, another third under 24/6 and one-fifth between 24s 6d and 32s Bd. Less than one per cent, are receiving £2. Wages in Germany are now the lowest for half a century.
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Taranaki Daily News, 19 February 1935, Page 7
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140GERMAN TRADE DECLINE Taranaki Daily News, 19 February 1935, Page 7
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