Evening star., 1940-05-24
Export and Import
Cut Approximately
In Half in Denmark
Germany Herself
May Help Solve
Unemployment
BY the Associated Press.

By the Associated Press.
COPENHAGEN, May 24.-With
her old foreign markets gone, Den
mark is reorienting her foreign
economy to fit that of Germany and
at the same time drastically re-
arranging her home economy to
meet the sudden unemployment re-
sulting from the Nazi occupation.
The Danish export and import
business has been cut approximately
in half, while certain industries have
been curtailed sharply because they
lack the raw materials which Eng
land formerly supplied. These have
been replaced by Germany to a
certain extent, but not sufficiently
to keep a number of industries going
at their normal, preinvasion rate.
The solidity of Denmark's agri-
cultural economy evidently was af-
fected least of all, as Germany
proved an eager market for food
products.
Parliament has introduced series
OF important new measures to safe
guard other industries by sharing
work and to promote investment by
lowering the interest rate and guar
anteeing bank loans.
Nazi Labor Office Set Up.
That Germany herself may con-
tribute to solution of the unemploy-
ment problem was indicated by the
establishment of German labor
Office in Copenhagen, inviting the
Danes to fill long-felt gaps in Ger
many's labor ranks.
The motto which may be put over
the new chapter in Danish national
life is:
Share the burden and the benefit
Of the community
This always has been guiding
principle in Denmark's policy. Un-
der the new conditions, it is not only
a guiding principle but a vital ne
cessity.
On April 9 Denmark was cut of
from her markets in Great Britain
and France. When Belgium and
the Netherlands became theaters of
war on May 10, these countries also
disappeared as customers for the
time being, at least.
Exact Figures Not Known.
Exact figures for the resulting
economic losses are not known but
1t is estimated that about so per
cent of Denmark's total annual i'm
ports of 1,700,OO0,00O kroner and a
similar share of her exports of
1900, 100000 kroner depended on
these countries.
CThe Danish krone no longer
Is listed on foreign exchange. 1t
was valued around 20 cents)
Economic possibilities are limited,
although not to a degree cor
responding to these figures. Ger
many has been able to take the place
of Great Britain as buyer of DAN
ish agricultural products and a
seller of coal, fertilizer and many
other goods.
Denmark's principal agricultural
problem is to supply feed for her
large herds of dairy cattle, her pigs
and her poultry. The increased
slaughtering necessary because Of
the shortage of feed that normally
came from England has been aggra-
waited by damage done to pasture
lands by the severe winter.
Stocks Running Low.
German-Danish commissions are
working out a basis Of exchange of
these products as well as chemicals.
Potatoes can not be used for feed
this year, since they are needed by
the people.
Thus it has been possible to keep
the Danish agricultural life running
at virtually normal speed. Other
trades, especially industrial, have
been unable to keep up normal en-
ployment.
Stocks of several kinds Of raw
materials are running low and strict
economy has been introduced to
maintain a skeleton service in vital
manufactures. Mounting unemploy-
ment in several industrial trades has
been the result.
In order to prevent an abnormal
rise in prices and remedy the effects