Berlin, May 20.
German industry and production are still on the up-grade despite the general falling of in world trade experienced by most of the other cading industrial countries, declares a half-yearly report of the German Institute for Market Research published yesterday, The peak figures of the corresponding period of the previous year have already been surpassed. Most encouraging is the 10 to 12 per cent. increase in the production of manufactured commodities and the 10 per cent. rise in the output of the rach-me-building industry German ship-building with ani output during the first quarter of the current year of 122,000 gross tonnage was 25 per cent. above that of the corresponding period of 1927. gre Materials
has made very considerable headway; It is also revealed that Germany in developing her own resources o raw materials, For instance, despite In view of present business condi- progressive motorization, Germany tions your directors do not feel justi- now supplies 1/3 of her own re-fied in recommending any dividend tol quirements of mineral oils and 1% o. shareholders but suggest that the/ Her requirements of gasoline.
Still surplus be apportioned to strengthen more remarkable, according to this the vari s reserves of the compai It is therefore recommended that out of the total surplus of $61,806; $3401.72 be transferred to statutory reserve, $30,000 to re: e for fluctuation of investments and exe. making the said reserve $82,977.07, and $10,000 be transferred to the Life Insurance fund to increase it to $190,841.67. An amount of $3,700 is to be alloted for the compensation of directors and superv The balance of $14,705.23 is to be report, is the way in which Germany is forging ahead in the production of her own textile raw materials.
Since the publication of the last report in September, 1937, the German iron ore production has increased by 14 to 919,000 tons.
Despite setbacks in several branches of the export trade, taken as a whole, Germany's exports during the first quarter of 1938 show a six per cent. increase in value.—Trans-Ocean. carried forward.
Text read from the printed page and cleaned; old type leaves the occasional error.