WAR WOUNDS

Wanganui Chronicle, Volume LXXXIII, Issue 20126, 20 April 1928, Page 7

WAR WOUNDS

TRADE RECOVERY Germany's Struggle to Regain Export Surplus LABOURS OF A DECADE LOST [ By Telegraph—Per Press Assn.—Copyright ] Received April 19. 10.30 p.m. (Times Cable) LONDON", April 18. The Berlin correspondent of the Times states that Dr. Stresemann. speaking at a congress of German Chambers of Industry and Commerce, discussed thp German economic situation from the international standpoint. The keynote of his speech was the necessity for an export surplus and interdependence of Home and foreign trade and industry. Reviewing the economic situation a decade after the war, he said that the injuries inflicted were still far from healed. Production in ether continents had increased 30 to 40 per cent since 1913, whereas Europe had not even regained her pre-war level. This fact should resound through Europe like a warning cry and force European nations into understanding and co-opera-tion. Germany was perhaps the heaviest sufferer and ho re-emphasised the grievance that Germany’s entire foreign trade machinery, the fruit of a decade’s endeavour had been completely destroyed by the liquidation of sequested property. Germany rejoiced at the United States’ decision regarding the restitution of German property. This seemed of fundamental significance for future National life. It was not right that citizens should suffer when their states went to war. Alluding to the Dawes plan he said it was more than ever necessary to realise that obligations could only be■aet from an export surplus.