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DUTCHMAN’S GIFT TO GERMANY

The Advertiser Adelaide, SA Thursday 31 December 1936 Page 17: (Complete Article)

Communism And Trade Barriers Aimed At

Australian Associated Pres.

THE HAGUE, December 29.

Indicating that his gift of £1,000,000 to purchase produce for export to Germany was aimed to circumvent economic restrictions and communism.

Henri Deterding, Director-General o! the Royal Dutch Petroleum Co, said today:—”The main object of the Communists is to prevent co-operation between nations. They therefore started to create trouble in Spain six years ago, and the result is now daily visible.”

Britain, he said, could be thanked for her policy of non-intervention which had prevented greater trouble among other Powers whose further co-operation would be the quickest remedy against infectious Communism. Reviewing the economic conditions obtaining in Holland, Sir Henri Deterding said that the only solution was the diversion of surplus products to a country where they were wanted. Trade restrictions between Germany and Holland could then be safely cancelled.

Criticising the present gold policy Sir Henri Deterding declared that not gold but products of ]abor would have to serve as the means of exchange.

He asked for financial and other support for his scheme under the motto, “Western Co-operation.” Meanwhile 30.000 pigs and 1,000 tons of bacon have already been bought with his gift, and a new industry has been founded at Haarlem.

It is expected that Sir Henri Deterding’s scheme will slightly increase the prices of dairy produce in the United Kingdom, of which Holland is a substantial supplier. Australia will undoubtedly benefit to some extent, but the increase in British purchases from individual nations is likely to be small. Australian circles hope that a considerable part of the gift will be devoted to buying Dutch eggs, which strongly compete with Australian eggs. This would be marked assistance and would go far to ensure a successful Australian export season.

SOURCE (Trove Digitalised Newspapers)

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