Evening star., 1936-03-22
BRITISH SEE ONLY
TEMPORARY LULL
IN WORLD TENSION
Failure to Boost Exports
Faster Than Imports
Causes Worry.
GERMANY Is EXPECTED
TO DEMAND COLONIES
Action Likely Before End of Year,
Bound to Involve London
in New Difficulties.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, March 2l.-Cables
and wireless dispatches to Business
Week give the following survey of
business abroad for the week ending
today.
LONDON-"Last weeks tensions
are gone. The business tone is better.
But business looks for only a tenn
porray lull. Probably before the year
is over, Germany will demand a re-
turn of her colonies and that is
bound to involve Britain in trouble,
for Britain controls the most i'm
portant former African colonies and
would be unwilling to give them up
except in good swap.
Failure to increase exports more
rapidly than imports Is worry to
business interests. 1t is evident to
many already that Britain will prob
ably be forced to remedy this situa-
ton by increasing import duties
and lowering the exchange value of the
pound
French Trade Suffers.
PARIS.-"BuSinesS is suffering
from the general tension, but the
Bourse has been less depressed since
it became evident that negotiations
in London probably would bring some
settlement.
France has just revealed that out
of a population of 100000, only
100000 people are out of the range
of electrical supplies. There are prob
ably 100000 electric cooking installa-
tions in France. This compares with
1855. $50 in the United States at the
beginning of 1895.
with only little over two months
before school vacations commence
and the giant Normandie returning to
transatlantic service in a little more
than a month, France is prepar-
ing for a larger tourist influx than
last year" q
Reich Business Stand.
Business has not been
greatly affected by the crisis because
it has long been almost completely
isolated. On the stock market, shares
slumped an average of 3 per cent on
the first days news, but most prices
have climbed back to their former
levels.
"The Reichsbank announced its an
nual dividend of IL per cent. The
feature of the annual report, how
ever, was the revelation that govern
ment-underwritten employment bills
now constitute more than 80 per cent
Of the banks entire discount port
folio.
February foreign trade figures
have Just been released and show q
favorable balance again. The outlook
is not bright, however, for there are
further evidences of the effect on Ger
man business of rising prices on i'm
ported items and lower rates on ex-
ports due to terrific competition
among manufacturers for foreign
markets.
S0viets Push Research.
Stirred by the newest
warning that all Europe is only hop
ing for peace but actually preparing
for war at top speed, the Soviets
have started a new drive to survey
their vast territory for possible new
strategic resources. More than S50,-
100000 have been set aside by the
commissariat for heavy industry for
geological surveys this year-largest
sum ever appropriated by the Soviets
for any single years explorations.
More than 1000 survey parties are
already in the field. They are con-
centrating their efforts in Kazakstan
and Eastern Siberia. where rich de-
posits Of gold. coal, iron. copper. lead
and zinc were discovered last year."