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The Guardian AND EVENING STAR, With which is incorporated “ The West Coast Times.” THURSDAY, APRIL 21st, 1921. GERMANY’S PRAISEWORTHY EFFORT.

Tiieke is a study in contrasts at the moment between Britain and Germany.

in the former there are strikes and disorganisation of industry, rendering the country less and less able to meet its great financial obligations 'arising out of the war. In Germany on the contrary, despite the disillusionment in regard to the war and its outcome, industrial Germany is making good in a. way that is praiseworthy, and is an

examplo to countries, which in reality, are more fortunately placed. Some indication of the German activities is now being disclosed. The far-reaching nature of the plans which are at present under way in Germany for regaining the trade position lost ns a result of the war is the subject of an interesting and informative article prepared by Mr P. Harvey Middleton, Assistant Manage, International Trade Department, Guaranty Trust Company of New York. The article points out that while Germany lacks raw materials and her labour is not yet as efficient ns in pre-war days, industrial plants are being operated to their utmost capacity hv the systematization of every process and by the amalgamation of allied lines to an extent never before attempted. Concentration of industry is thus the keynote of the German industrial or- I gnnisation. Recently all the firms and'

associations engaged in foreign trade have been welded together under the name of the Association of German Ex-

port Finns, and it is interesting to note that the Association has classified the export market into two categories—thoso engaged in operations in which the competition oi' Great Britain and the United States is likely to be negligible, and those in which keen competition is anticipated. The German Ministry of Foreign Affairs, which is governed by a council of thirty members, drawn from other Government Departments, is active behind this organisation. and arranges for the immediate publication of commercial information, and the German newspapers are supplied with a special service for tin's purpose. In addition, the reorganisation of German newspapers arc, supplied with a special service for this purpose. In addition, the reorganisation of German shipping has been so

for completed as to provide a, service to all important parts of the world, with Lho exception of East Africa, East Asia and Australia. As an evidence of tho progress made by German commerce, Mr Middleton states that whereas the exports from Germany during 1919 amounted in value to 10,507,000,000 marks, during the first twelve months of 1920 they had risen to no less than 23,688,000,000 marks, this figure of course, including goods delivered to the Allies under Die Peace Treaty. Thousands of German salesmen are reported to he at work not only in former neutral countries, bat in all the Enopean and Asintic countries with which Germany was at war, offering low prices and long credits and promising quicker deliveries than their competitors; while buyers from many of the larger nations are now in Germany placing substantial orders for motor trucks, dyestuffs, toys, iron and steel products, pianos, glassware, knit goods, sewing machines, electrical goods, and other items.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/HOG19210421.2.13

Bibliographic details
Ngā taipitopito pukapuka

Hokitika Guardian, 21 April 1921, Page 2

Word count
Tapeke kupu
528

The Guardian AND EVENING STAR, With which is incorporated “ The West Coast Times.” THURSDAY, APRIL 21st, 1921. GERMANY’S PRAISEWORTHY EFFORT. Hokitika Guardian, 21 April 1921, Page 2

The Guardian AND EVENING STAR, With which is incorporated “ The West Coast Times.” THURSDAY, APRIL 21st, 1921. GERMANY’S PRAISEWORTHY EFFORT. Hokitika Guardian, 21 April 1921, Page 2

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