GERMANY’S TRADE DRIVE

Wairarapa Times-Age, 20 October 1938, Page 10

GERMANY’S TRADE DRIVE

NEW AGREEMENT MADE WITH POLAND. EXTENSION OF BARTER DEALINGS By Telegraph—Press Association—Copyright. BERLIN, October 18. Immediately after Herr Funk’s Balkans. tour, a supplementary trade agreement between Germany and Poland was announced, under which Germany is granting credits of approximately five millions sterling for the purchase from Germany of factory machinery during the next 21 years. The credits will be liquidated over six to nine years by the export to Germany of additional grain, timber and agricultural products. Most of Poland’s 1938 grain surplus has already been sold to Germany. The new agreement is additional to that which came into effect in September, under which an annual barter exchange of goods valued at over ten millions sterling was arranged. With the present agreement, forty per cent of Poland’s foreing trade will be with Germany. FRANCE PERTURBED. FEARS OF POLITICAL DOMINATION. PARIS, October 18. French political and buisness circles are perturbed at the prospects of German economic domination of SouthEast Europe and see a trade drive as a forerunner of' political domination. Commentators admit that France is not in a position to offer comparable economic advantages.