The Washington herald., 1921-05-13
BELGIUM NOTES
TRADE REVIVAL IN
some INDUSTRIES
Export Credit Plan by
Minister of Industry
In Program.
$50, 100000 FRS. LIMIT
Bill, if Adopted, Would Ex-
tend Loans to Countries
Suffering Depreciation.

Despite a variety Of dificultics
Industrial situation in Belgium. q
revival is noted in some industries
and there is a hopeful undercurrent
Indicative Of further general i'm
provemenL according TO Informa-
tion just received by the Guaranty
Trust Company of New York OF
particular importance in Belgium's
program for re-establishing her
foreign commerce is an expoF,
credit plan proposed by the minis
ter Of industry. under which the
government would guarantee TO the
extent OF 100000 900 francs trade
between Belgian manufacturer and
countries suffering from depreci-
ated exchange.
Under the new plan. for example.
il a consortium of banks should
wish TO finance a group of engi-
neering works for the supply Of
machinery to Bulgaria against Bull
garian treasury bonds at fve years.
the Belgian government would be
prepared to guarantee the bonds IL
the manufacturers would assume
one-fourth Of the risk Already
NJ gotiations are under way Ior the
disposal Of the Ghent stocks -
cotton gowns to Ruma MIA and for
the manufacture at Havre of co.
100000 francs worth ~ wooien
stuffs and ready-made clothing.
Provisions OF Measure.
The preliminary arrangements
under the plan would consist OF a
T..
~ certain specified goods. a deposit
II state securities Of the purchaser
country or Of guarantees Of reliable.
banks, the Intervention Of the Bel
sian traders to the extent Of their
risk. and the undertaking on the
par; "f the manufacturers to pro-
dure subject Ito the labor conditions
.laid down by the Mixed National
Industrial Commission. The COW
ernment. in allocating credits. will
be guided by an advisory hoard
composed of bankers. delegates
from the central Industrial COM
mittee. trade union delegates and
officials of the treasury and other
government departments.
Money Situation.
Tho Belgian Recuperation Com
mission IN Germany has announced
.hat money bills and papers To the
Naiue OF 2,S1s.7Oo.o00 francs have
peeh restored. besides 5000 tors
~ machines valued at 240. 500 600
rdhcS' and N.2oo tons of raw ma
ais valued At ll.5oO.OO francs.
Machines. horses and railroad r,ste
rails worth 100 600 600 fr.r,..
sui TO he restored.
Belgian cement ,-.,.s-.
nave greatly Increased produc,io,
ana are able to export their ou,n,,,
on considerably larger scaIa-
Needs of IN" interior and Of Fra,,o
retarded "Nnortstion TO other co,--
'rieS or 2 time. but lately lsrro
Iuah'i'les OF Belgian cement bs,..
neen sent 10 Porto Rico, the T-ni,a,
states and elsewhere Tho cer,o..
INDUSTRY is one Of the least arrectea
The free importation q. po,-,.
max has resulted in sone h'
"uNins by the Germans, win onn-s
Iuent comment by the textile indns-
trF m Flanders. II has -.
r,'lhteo out that before the vs.
,''rmanF cultivated 10000 scr.s =,
"AN' while its hlatures Of 500 m.
SnlndIes consumed Russian Nsx e.,
"iusiNeIN' IL had only one nax ref
ing Plant. n an annual capacity o,
~" TONS In 1920 there were sn-
s"" acres cultivated. while tbs ,r,,
her of mills was 100.
The question of Germans uho
want 10 d. business in PeI-iu-,
~ their nronertv. is under cor
sihHratton by the Superior coune,-
of Labor and Industry. At tho ssr,,
,Ime fear has heen expressed rbs.
tac'hties arc not accorded Co.
man shipninr at the rort ~ AT
"ern. much business would GO 20
Nntw"rr's rival. ROTTERDAM. AZ
'h""ch Relcisn statistics show
crca' Increase in trade with Ge-.