Berlin, Mar. 11.
One of the greatest European heavy industry concerns, the Vereinigte Stahlwerke, ie. United Steel Works, published their business report for the year of 1937 last night, showing in many ways how the Four Year Plan is affecting the great German enterprises financially and as regards the technology of production, The United Steel Works emphasize that the division of the profits in consequence of various increases of the cost could not keep pace with the increase of the number of employed. Altogether 110,000,000 Rei-dismarks had been spent on works extensions and plant as against 57,- 000,000 Reichsmarks during the year of 1936.
The balance sheet showed the plant evaluated at 1,135,000,000 Reichsmarks which is a record for any European industry. The number of workers increased to 224,000.
Most of the additional money spent on extensions had been spent on Geveloping the German ore-deposits of iron, the erection of new blast furnaces of which 281 are under construction and for the erection of a plant for the manufacture of mineral oil from coal. This work had been carried out "without regard to financial sacrifice", it is declared—tTrans-Ocean,
Text read from the printed page and cleaned; old type leaves the occasional error.