GERMAN TRUSTS.

Taranaki Daily News, 4 May 1921, Page 5

GERMAN TRUSTS.

SOME NOTABLE EXAMPLES.

By T®legraph—Press Assn —Copyright London, May 2. Mr. Renwick, writing from Berlin, detailing the vast industrial power behind the trusts says: Herr Thyssen lost a fortune and made another even bigger during the war. He now employs 125,000 men. His Mulheim works alone cover an area as big as Berlin. Auother of Thyssen’s businesses, at Duisberg, is producing 400,000 tons of pig iron per annum, and a third, at Oberbilk, is turning out 125,000 tons of ’steel a year The Peter Kloeckner Trust has a production of ten million tons of coal. The Hoesch-Newessen Trust is producing seven million tons of coal, in addition to half a million tons of iron. It made a loss of 81 million marks in 1918- but a profit of 31 millions in 1919- declaring a dividend of 24 per cent.

Krupps are just beginning to launch out, but have turned a‘loss of 36 million marks in 1919 into profit of 79 millions in 1920. This firm now employs 50,000 men at Essen, of whom 600 are making cash registers instead of cannon. Krupps also make screws, motor cars, cameras, boiler plates, locomotives and agricultural machinery.