Similarly, the Bohemian glass industries and china manufactures.—some of the best chinaware in the world—and the imitation jewellery trade, which had formerly enjoyed a leading position on the world markets. found themselves in a quandary. The point is that the resulting unemployment affected mainly these exporting industries located in that part of the country populated by the Sudeten Germans and the proportion of unemployed was higher with them than in Czech and Slovak sections, Another factor that undermined the Sudeten-German industrialists mas the blow to their finances. On account of their mistrust of Czech cwrency, it is said, on the authority of Dr. Gerhard Schacher, writing on the economic situation and outlook of Czechoslovakia, that the Sudeten Germans had invested, practically all their large profits, in German securities and subsequently lost them on account of inflation in Germany and the German banking crisis.
Another aggravating cause for Sudeten grievance is to be found in the invasion of Central European markets by the Japanese, and it is remarked that certain changes were introduced which affected the whole structure of the consumption trade. Cheap Japanese textiles, according to Dr. Schacher, competed severely with the so-called Gablonza fancy goods, including imitation jewellery. This, formerly, had been a very flourishing snd profitable industry. Gablonz is "he place where every cottager many-factures glass beads in his home. It had given occupation to a considerable proportion of the Sudeten-German population and often the gains in the trade had amounted to as much as 1,000 per cent. Although the most drastic sacrifices were made, it prove impossible to compete with the Japanese, and unemployment grew.
Text read from the printed page and cleaned; old type leaves the occasional error.