TRADE PACT
RUMANIA AND GERMANY. By Telegraph—Press Association —Copyright. NEW YORK. December 22 A Rumanian-German trade agreement has been signed. ■ Rumania is to supply 1,560,000 tons of oil a year and stabilise the prices of products in which Germany is interested and reciprocally receive armaments from Czechoslovakian firms for which she already holds credits. The exchange has been fixed at 49.5 lei to one reichsmark. The Bucharest correspondent of the United Press of America, commenting on the Rumanian-German trade pact, declares that diplomats believe the reported German pledge guaranteeing Rumanian frontiers against Russian invasion is genuine. The Bucharest correspondent of the “New York Times” states that the new exchange rate will enable Germany to buy Rumanian goods 22 per cent, cheaper, giving an advantage over Britain and France in competition for Rumanian oil and wheat and reducing the German debt to Rumania by 132,000.000 lei. It is likely that German exports to Rumania will suffer, unless adequate compensation is arranged. It is believed Italy will benefit most.
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Wairarapa Times-Age, 23 December 1939, Page 5
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167TRADE PACT Wairarapa Times-Age, 23 December 1939, Page 5
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