WARNING TO EUROPE

Hokitika Guardian, 20 April 1928, Page 2

WARNING TO EUROPE

GERMAN VIEWPOINT. (f tiilod Press Association.—fly Electric Telegraph.—Copyright.) LONDON. April 18. Tbe ‘“Times" ilerliu corrcs]M>ndcnt states: Herr Stressnian (German foreign Minister) speaking at tTio Congress of the German Chambers of Industry, dealt with Commerce and disc listed the German economic situati.n “from tbe i lu.enia t iona I ftland- |. uni. Tbe keynote of bis speech was tiic necessity for an export surplus, the iiiterdi'penii'eiioe i.f ibeir borne and foreign trade ami industry. Reviewing the economic situation a decade alter tile war. tbe Minister said that tbe injuries inflicted were still far from healed. The production in other coni iuents bad increased by or -111 per cent, since 1913, whereas Europe bad not yet regained its pre-war production level. This fad should resound through Europe like a warning cry. ami should force the European nations into understanding and co-operation.

Germany, be said, was perhaps the heaviest siiflerer. thus leading him to again emphasise tbe grievance that machinery—tbe fruits of decades of endeavour bad been completely ,lcsttoyed by the liquidation of llic questerd property. Germany. Im said, iv.jiiced 'at the Lnilcd States’ ,|,._ ci-iini regarding the restitution of German property. Ibis seemed of fundamtnt.nl significance for tile ITilurc of national lile. It was not right that citizens should sulfer when llicir States went to war.

Alluding t : tile Dawes’ p!nn. lie said that it was now more than ever nocessary to realise that those obligation- could only ho met from an export surplus.

REPARATION QI'EsTfOX. BERLIN. April 18. Herr Stre-cmanu made a curious •statement at a meeting of industrialist-. when be urged tbe suspension of party differences in order to clicct a .settlement oi the .Reparation question, for which preparation- are now being made, though no decision will be reached before the autumn.