GERMAN TRADE.
EXPORTS DECLINING. BOOM ONLY TEMPORARY. By Telegraph.—Press Assn.—Copyright/ Jan. 17. The Daily Chronicle’s Berlin correspondent says that statistics show that exports are seriously declining. § When the gold value is reckoned the export year is about equal to Germany's yearly reparation liability. Whereas Britain had £741.000,600 exports during the first eleven months of 1921, Germany’s amounted to £150,000,000. These figures quite dispose of the alarmist utterances about Germany’s prosperity and ever-increasing foreign trade. As a matter of fact the spurt, owing to the depreciation of the mark, was merely temporary. The value in paper marks shows an increase from 4,558,000,000 marks in May to 11,911,000,000 marks in November, but paper marks increased from 65 to 206 to the dollar in the same period.—Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 19 January 1922, Page 8
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126GERMAN TRADE. Taranaki Daily News, 19 January 1922, Page 8
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