REICH INDUSTRIES
FUNK MADE VIRTUAL DICTATOR. ATTEMPT TO CHECK DRIFT & PARALYSIS. By Telegraph—Press Association—Copyright. BERLIN, December 22. A virtual economic dictatorship has been entrusted to the Minister of Economics, Herr Funk, in an endeavour to check the rapid drift and paralysis of industry resulting from the acute labour shortage and the lack of raw materials.. His duties are now those of a combined Minister of Labour, Supply and Economics. Under the new arrangements, whereby trade and production will be nationalised and unified, all resources will be pooled. Herr Funk is empowered to divert any proportion from the pool in favour of a single producer or industry needing support. He also controls the distribution ofi labour and raw materials. Though not owned by the State, German undertakings are bound hand and foot with the Government’s policy, in connection with which Herr Funk will initially be concened with the practical administration of the four-year plan and Field-Marshal Goering will evolve the basic principles of economic readjustment.
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Wairarapa Times-Age, 24 December 1938, Page 5
Word Count
164REICH INDUSTRIES Wairarapa Times-Age, 24 December 1938, Page 5
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