DRAIN OF ARMAMENTS
RESOURCES OF GERMANY FOREIGN TRADE DEFICIT (Reed. July 6, 9 a.m.) LONDON, July 4. The Berlin correspondent of The Times says that the half-yearly report of the Reichskredit Gesellsc’haft on the economic situation of greater Germany in the first half of 1939 shows that the nation, despite the incorporation of Bohemia. 'Moravia and .Memelland, has exhausted its labour reserves. Germany, with declining exports and a heavy agricultural deficit, is making" an efi'ort to maintain armament production and regain foreign markets, but since all her reserves of labour plant are fully employed, a vital increase of production can be achieved only by raising the .productive capacity of the workers and plant rationalisation. The adverse trade balance for the first quarter of 1939 .was 113,000,000 marks, against 146,000,000 in the last quarter of 1938. The prices of industrial stocks have steadily declined because the Government loans and public finances absorbed all the available capital, leaving little for investments.
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Gisborne Herald, Volume LXVI, Issue 19982, 6 July 1939, Page 5
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159DRAIN OF ARMAMENTS Gisborne Herald, Volume LXVI, Issue 19982, 6 July 1939, Page 5
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