Evening star., 1940-04-14
German Trade Envoy
Here 10 Negotiate
Economic Program
Dr.. Westriek Says Reich
Expects Peace Thut wiz
Permit Expansion

: ~ the Associated Press.
7 NEW YORK, April 13.-Germany
/. expects peace In the near future
i and plans to enter into an economic
: arrangement with the United States
!. based upon the Hull reciprocal trade
/ policy, her newly accredited diplo-
matte commercial representative
! yaid today.
I Or. Gerhardt Alois Westrick, COM
mercial counsellor to the German
Embassy, said Germany was hopeful
, Of . peace that would permit COM
mercial expansion and prosperity
throughout the world. His purpose
) here is to prepare the way for an
! economic settlement between Ger
many and the United States, he
/. said, adding:
: IT am hopeful of peace soon be-
cause Germany is not going to ask
anything of England or France ex-
: cept free access to raw materials
on competitive basis and free trade
! and foreign exchange throughout
the world along the lines of the
Hull plan.
"A major step in such trade
. arrangement would be the provision
that United States investors in Ger
] man plants would be paid interest
}oto Io11 1o Nc
Is Leading Trade Expert.
! DR.. Westrick is leading German
economic and trade expert and law
. yer. partner of DR.. Heinrich Albert,
former chancellor and finance min
lister of Germany. DR.. Westrick also
is friend and associate OF DR..
Hialmar Schacht, German minister
without portfolio, who has been re-
, Gently reported to be in this country
secretly.
IT do not believe DR.. Schacht is
in the United States DR.. Westrick
said. when peace comes and
world economic conference is ar
ranged, DR.. Schacht will have to
come to work out foreign exchange
problems.
"As you people well know, Ger
many cannot continue barter in
definitely and will have to 60 back
to free trade and free foreign ex-
change, and DR.. Schacht is the man
with the brains to arrange it."
DR.. Westrick scoffed at reports
current in Wall Street that he, DR..
Schacht, and others we're negotiat-
ing directly with some leading
United States commercial firms on
the basis of providing foreign ex-
change to enable an increase of
shipments from the United States
to Germany, via Siberia, to beat
the British blockade of Germany.
Germans Not Fooled.
1--WE in Germany do not fool our
selves" he said. There is very little
likelihood of increased shipments
to Germany via the Pacific while
the war lasts. The Trans-Siberian
Railroad, over which I have just
Travelled, is working, but that is
about all. Any notion of greatly
increased shipments over 1t now is
In the realm of fantasy.
"We see little immediate like
hhood of increasing dollar exchange
to enable Germany to purchase
more goods in the United States,
and we do not see any hope of
developing barter trade with this
country.
"All we can do now, and all I
am here to do, is to nurse things
along until peace comes, which
hope may be within a few months.
Then we hope for a world eco
nomic conference, IN which all
grievances will be settled once and
for all, without vindictiveness any,
where, so that we can have pros
perity and peace for good.
"We believe that once We have re-
moved the foreign exchange and raw
material problems, that it will be
raw, d}fHc,1f for fha yoo1ifjciorc ~