That the object of his mission was to study economic conditions in this country with a view to informing and 'advising German interests at home, with the hope of improving trade relations between China and Ger many, was the substance of a dedo Yon made by Dr. Klep, head of German Economic Mission to the Far East, on his arrival in Nanking last Wednesday, Dr. Klep expressed an understanding of the economic dim culties confronting this country and his own, and emphasized the importance' of. China as a potential market for German goods.
An economic mission representing the. Government Departments and business circles of Germany interested in trade with Eastern Asia has arrived Im Shanghai to study economic conditions In China and the possibilities o¢ improving trade relations between China and Germany." he said, "It will proceed to Nanking and thence visit the chief commercial centres the country. After this. the mission will visit Siam and possibly other countries of Eastern Asia Interpret Own Orrantzation "Besides studying economic condltions' in the countries visited with a view to informing and advising German Interests at home according~ the mission desires to render service to Wade circles in general bY explaining and interpreting the pres ent organization of German, forolsn trade under the "New Plan" of Dr. Schacht. The progressive shrinkage of International trade throughout the world during the last years has caused governments in all countries to direct reater attention to foreign commerce than heretofore: and this refers particularly to Germany where the Tock of forolzn exchange brought about by reparations and the result fant burden of external indebtedness has unavoidably complicated and impeded the transaction of business with "the introduction of exchange control in Germany was necessary to assure the stability of the German currency against the growing pressure fof external debis; but it was at the Same. time the means of preserving the German economic system and its purchasing power In international {rade and is, through progressive Hauldation of the forolzn debt. paving the way to a. speedy return to normalcy in foreign trade relations.
Text read from the printed page and cleaned; old type leaves the occasional error.