To the Editor of the "Nortn-Crtsa Dairy News."
Sir,—According to Reuter, the German Chancellor is seid to have announced that Germany is at the end of her tether.
It is, however, difficult to reconcile such a state of affairs with the fact that not so long ago, most of the Dutch banks of any importance or certainly a considerable number of them, were absorbed by German banking interests. Further German works of every description have been established in Holland and Switzerland, trading, of course, under non-German titles. Again, the German mercantile marine is rapidly assuming its pre-war position and a great many of the former services are running once more, to all parts of the world.
One could cite many other instances which indicate healthy commercial growth but last by means least, is the evidence we have, unfortunately for many of us, in our very midst, of German competition of such a nature that we find prices for every imaginable article ey machine anywhere up to 50 per cent. below British or American figures and contracts taken on extended terms of payment such as no British firm or bank would look at for a moment. There. is no other possible explanation than that behind this German activity are enormously wealthy syndicates capable of running, and willing to run the really absurd risks that such business entails, and one can point to the Hugo Stinnes group as an example.
All this gives every veason for doubting the correctness of the German Chancellor's statement, and it is far more likely to be propaganda of the usual clumsy German variety, the object being to make the task of Reparation settlement and collection even more hopeless than it is.
your recent correspondent N. W. K. is. still hankering to send some of his superfluous wealth to relieve the supposed German distress, he might perhaps approach some of the many Teutons to be seen driving cheap and nasty-looking motor-ears, and ask permission to add his cheque to the weekly contribution they are sure to be making towards the alleviation of the distress in the Fatherland.
T am, ete..
Text read from the printed page and cleaned; old type leaves the occasional error.