Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-05-13
OTHER NATIONS ARE PLANNING
TO GRAB AMERICAS SHARE OF
FOREIGN TRADE, EXPERTS SAY
Persons Who Nourish Simple Belief That
United States Can Cope With All Corners
in Business Scramble Are Warned to
Watch England And Germany.

fields to the British Is the recently
formed Anglo-Baltic and Mediter-
ranean Bank, Ltd. which was or
ganized to finance imports of raw
material from the regions en-
braced in it's name and which,
many Englishmen believe, have
been neglected in the past.
Another British combination Is
termed the Anglo Danubian assocla-
ton; still another Is the p. d .:
Banking Corporation, Ltd, allied
to the steamship company of the
same name: yet another is the At
rican and Eastern Trading corpor-
alton. which Is extending its opera
tions from East Africa TO the Con-
Igo, and it is also establishing
branches in Morocco, Syria, Pales-
tine, Mesopotamia, Persia, Ru-
mania, Bulgaria, Constantinopie
and Singapore.
Largest Finance Body.
Perhaps the largest Of the after
war trade financing organizations
Is the British Overseas bank, LTD"
grew out Of the joint efforts of cor
tain OF the larger English banks 10
arrange for commercial develop
ment. The Overseas bank special
ICES in exchange dealings, cares for
payments and receipts abroad, the
handling Of foreign collections,
documents and securities, and is
sues commercial credits. In addi-
ton it has q most important ad-
junct in the form Of an extensive
| /, telligence service, without which
| no British foreign trade establish
mcnt considers itself complete.
This commercial intelligence SER
vice was a prime factor in the Brit
| Ash commercial development be-
| fore the war. Then It was under
the supervision of the board OF
trade. The board of trade and the
British foreign office now have
combined their activities into an or
ganization known as the depart
ment of overseas trade. a strictly
governmental affair begun in 1919,
This department will cooperate
with ali of the credit
corporations which existed prior %
| the war or which have since been
organized, and also with the asso-
citation of 10000 British manufact-
urers and producers, the purpose
of which is to work for the general
benefit of the empires industrial
interests.
More recently, Great Britain's
campaign for holding or extending
VI orld markets has been marked ~
| the organization of an export
credit insurance scheme, in which
the government, bankers and in
surance companies will share prof
| its and losses, and by the establish
ment Of a British cotton growing
and marketing association, the dI-
rect purpose of which is to relieve
the British cotton industry from
dependence upon the United States.
For this latter institution the gov
eminent has appropriated my
thousand pounds annually for five
years, until there is available a
fund sufficient to carry on the
work.
Germany Is Organizing.
In Germany the work of consoIl-
dating export and financial institu-
tons is being advanced. Mr. Mid
dleton, in a special report, wrote:
"All firms and associations engaged
in foreign trade were recently weld
ed together into one great organiZa-
tion known as the Association OF
German Export Firms. This or
ganization includes manufacturing
and shipping. One of the most i'm
pcrtant activities of the association
has been the classification of eH-
port markets for machinery and