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THE CHINA MAIL, NOV
DRASTIC GERMAN Goering Working On Second Four-Year Plan
The announcement that Field-Marshal Goer- ing will be unable to attend public functions during the coming months on account of pressure of im- portant national work, is regarded as confirming rumours that sweeping changes are being made in the Four Years' Plan, of which the Field-Marshal is Commissioner.
It is suggested that Germany's economic system is being thoroughly overhauled and that there is to be a second term of four years with new aims.
This "Second Four Years' Plan," it is thought, may be devised in conjunction with certain States in south-east Europe. These States would start similar plans to run parallel with that of the Reich.
The unhealthy situation of the Reich export trade has presented a problem the solution of which does not yet seem to be in sight.
MINISTER'S WARNING
ings which will require the expen-
diture of very large sums of money if they are to be placed upon a sound working basis once more.
Significant in this connection is When this has been attained, an announcement which has been however, a new group of industry circulated by Herr Funk, Minister will be keenly competing with in- of Economics, to the Reich Cham-dustries already established in the ber of Commerce. He states that "old Reich." Cases in point are the "the present state of the export textile, leather and glove-making market makes it necessary for me trades.
to emphasise strongly the nécessity for the most careful and intensive cultivation of our exports.
In addition, these factories are now cut off inside the Four-Year- Plan system from-their-natural
COMPENSATION TO CZECHS
"I must demand from German in-fields of supply. It will be necessary to import practically all the raw dustry that it devotes the most care materials which they require. ful attention to export business, despite the great demands of in- land markets, and that no oppor- tunity for an increase of exports be
missed.”
Strong steps would be taken against firms which failed to fulfil foreign contracts promptly.
In the last 12 months the diffi- culties of Field-Marshal Goering's task have increased almost hourly. During this period the labour short- age.has made itself acutely felt as a serious handicap to the efficient execution of the demands of the plan.
SUDETENLAND PROBLEMS
A further drain caused by the accesssion to Germany of the Sude- ten areas will be the compensation which will have to be paid on the Czech crown notes current in the Sudetenland.
These have been redeemed against reichsmarks at a rate con- siderably higher than the official exchange, with the result that the Reichsbank has accumulated an embarrassing quantity of Czech currency which it did not want.
In the long run the only way, of disposing this is to purchase goods from Czechoslovakia, a pro-
The acquisition of Austria and I cedure which is bound to react un the Sudeten areas, so far from mak
ing Germany's economic position favourably on German trade and to simpler, has complicated the Four throw additional work upon the Years': Plan enormously.
The Sudetenland, in particular, Corialssioner for the Four Years
Plan and his stall.
has brought with it a series of pro- bleme to which it is the difficult tank of the Field Marshal and his ad- visers to find the solution.
The areas consist largely somt derelict Industrial · undertak
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It is possible that the rumoured now plan- European economic out in 1 plan" may provide the solution for surprin these and other problems which Ma face the German economie: struc- little
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