GERMAN ITEMS

Hokitika Guardian, 1 February 1926, Page 2

GERMAN ITEMS

A, stralia & N.Z. Cable Association.] STIXNES’ SHIPS CHANGING HANDS. BEIUJIN, Jan. 29. Negotiations for the sale of the entire Hugo Stinnes’ Deutscliaustralischo Shipping Company and Ivosinos Company lias resulted in a provisional agreement. The Stinnes fleet comprises twenty-eight modern passenger and freight oversea steamers of a total tonnage of 140,355 and two motor sjiips of 10.800 tons, now under construction. The Deutscliaustralischo and Kc.stnos companies’ capital amounts to eighteen and twelve million marks respectively. It is stated the transaction will necessitate an increase in the capital of both companies. A PAPER VICTORY. BERLIN, January 31. Interest in Admiral Yon Schecr’s theoretical great naval victory at tho close of the war, with which the German Generals arc now consoling themselves. for its loss, has been aroused by tho evidence of Prince Atax ot Baden, lie fore the Reichstag Commission of Enquiry into the causes of tho German defeat. Prince Alax. who was Imperial Chancellor, suggests that the plan failed because lie was not taken into the secret. He asks: “Why did not the Navy trust me? I would probably have advised a postponement of the attack until the terms of the armistice were known. Then, the undertaking would probably have succeeded, hut 1 would have favoured tho plan, even if it involved the sacrifice of the whole fleet, for it might liavo proved a new Thermopylae, and might have stimulated the fatigued nation to hold out until victory.