INTERNAL GERMANY.

Hokitika Guardian, 29 April 1921, Page 2

INTERNAL GERMANY.

AUSTRALIAN AND N.Z. CABLE ASSOCIATION. 1N DUSTRIA L GER MANY. A CORRESPONDENT’S VIEW. LONDON, April 27. Renwick, the "Daily Chronicle’s” Berlin correspondent who toured the industrial areas of western Germany, tells an amazing story of the organisation of trust control of industry, and plans for industrial napoleons to run Germany and Europe by electricity. German industry is now largely controlled by a dozen great trusts which deni with coal, iron and other minerals produce and an enormous variety of manufactures. Stinnes trust already employs 250,000 men, apart from controlling 22 other companies and also has a big interest in Sweden and Austria. Rathenaus general electricity company during ten months increased its capital from 155 million marks to 850 million. Owing to trust operations it controls atleast another 750 million marks of capital. As she has lost great coal and iron supplies, Germany is harvesting her supplies carefully, using all sorts of coal by utilising saving devices. The war cost her forty per cent of her. iron ore, but the gap is being quickly* filled up. One magnate told me that Germany was first'going to electrify her railways and then run all her great industries from a power station. Other countries will have to follow suit, but Germany will have the best organisation and highest productive capacity. Trade magnates are also relying on the fact that Germany is now protected in a triple fashion by her exchange, whicli is equivalent to a high protective tariff, by customs and by the import license system, which prevents anything being brought into the country which would injure Germany’s economic position.

GERMAN OPINION. (Received This Day at 8.30 a.m.) BERLIN, April 28 Socialists exchanged heated passages with Nationalists during the foreign policy debate in the Reichstag. Mueller, a former Chancellor, described the Versailles Treaty as similar to Brestlitovsk, blaming the Nationalists for being responsible for the breakdown of the German foreign policy and protesting against the use of the ex-Kaiserin s funeral to stimulate monarchism. Helferics replying amid disorder, declared Imperial Germany was now the most peaceful power, and was willing to make big sacrifices in the fulfilment ot obligations, .but lie deprecated M. Briand’s continual flourish of the mailed fist, as shameful.