Evening star., 1939-03-24
Reich Concessions
In Rumania Border
Upon Monopo|ies
Commercial Enterprise
Of Germany Extends
Neor Block Sea
By the Associated Press.

By the Associated Press.
BUCHAREST, March 24.-Ger-
many has won the right to all
products of German Rumanian
companies to be established in
Rumania to exploit new oilflelds
and other industries.
This is the nearest approach to
monopolistic concessions given to
Germany in the five-year trade
agreement, reached Wednesday,
synopsis of which was issued yes
terday.
The agreement in effect extends
German commercial enterprise to
the Black Sea by giving the Nazi
state free ports on the Danube and
the Black Sea.
Defense Moves Continue.
Rumania meanwhile continued
defense precautions today and re-
servists proceeded to concentration
points under the movement ordered
Monday.
1t appeared that the functioning
Of the German-Rumanian COM
panies would be more or less out
of Rumanian control but Bucharest
authorities said Rumanian commits
sioners would be In position to
put the brakes on the operation of
other features of the plan should
German influence become too great.
Some Rumanians were concerned
by the prospects of an influx Of
German technical experts and work.
ers. fearing that they might become
propagandists for political co-opera-
ton with Germany. No political
conditions were mentioned IN the
synopsis of the agreement.
The trade treaty was regarded
by many as the framework OF an
economic plan capable OF filling
many of Germany's needs for raw
materials. Wheat, petroleum, stone
and many other minerals become
readily available to Germany.
Safeguards Against Domination.
But economists who were study
ing the ramifications of the ex-
tensive plan cautioned that pre-
dictions that Germany would ABSORB
all or a large percentage OF Ru-
mania's agricultural and mineral
surpluses were "just guesses."
Two points were interpreted as
safeguards against complete eco
nonic domination of Rumania by
the Nazi state:
/. Rumania did not bind herself
to deal exclusively with Germany
or even to export definite per-
centages of her products TO Ger
MANY. She remains free to sell any
quantities of products to other ma
tions. go
2. Government commissions will
be created to pass upon individual
trade and development projects un-
dertaken jointly by the two countries.
A Rumanian commission may dlsap-
prove of any undertaking which is
fears might give Germany TOO great
a claim for Rumanian products.
Foreign Exchange Little Effected.
Little. if any, increase in exchanges
If deyisen (controlled foreign ex-
chanpe) between the two countries
was said to be contemplated. .
Rumania will get ornaments,
highways and railroad materials and
Germany will cooperate in the de-
velopment of oil fields, quarries and
plantations.
For these purposes and for indus
trial products she will receive cred
its in Rumania with which she will
buy raw materials.
For the purpose of clearing, the
mark will be valued at 48 Rumanian
lei. Under the previous trade agree
ment, the mark was valued at 39la
lei. 0n the foreign exchange mar
ket, the mark is valued at 40 cents
and the leu at seven-tenths of
cent-or ration of 81 lei to one
mark.
Bankers reported uneasiness of
depositors seemed to be abating
because of the governments assur-
ances that troop concentrations
would not last long and because it
was believed by many Rumanians
that the commercial understanding
with Germany meant security from
other neighbors.