GERMAN ITEMS

Hokitika Guardian, 10 August 1925, Page 2

GERMAN ITEMS

| Australia A* N.Z. Cable Association.]

ill’HO STIXXKS AFFAIRS BERLIN, August 7. The* reconstruction ot Stinnes coo corns, the final aim of whicli is to revert* to the original business ol the late Hugo .Stiluses, namely coal trading at Mucllicim and working Stinnes mines in West dermnny, is progressing only slowly, owing to the all round fall of Stock Exchange quotations for mining and industrial shares, and the difficulty of telling Stinnes shares en bloc to one holder, to avoid weakening the market by throwing them tut the Stock Exchange. Stinnes obligations arc now stated to be ISO million marks, of width forty million marks have already been paid by sales of some of Still ties property. H i- calculated there will still be a surplus of assets over liabilities, it the entire Stinnes property is regarded a- an asset. Negotiations arc proceeding tor the sale of Stinnes Itieheck milling and oil works. The prospects of disposing ot Stinnes fleet of a quarter million tons are apparently email, l’laiis tor the formation of a new company to take over till* licet at a price of twentylive million marks, are now being disci!* - *d . AXdl.O- GERMAN TRADE. HEREIN. August 7. Tlu‘ Commercial Committee ot the Reichstag lias adopted a Hill on the Anglo-derman Commercial Treaty, arranged on December It.h. last. The Govenimeiit spokesman said it was anticipated that the result of the Treaty would l.e that the dcrmaii exports to Britain would increase to the equivalent of their pre-war value. He also stated that the British dovernment would recommend the Treaty to the British Dominions and Colonics.