• Short Summary

    DR. ERHARD, WEST GERMAN ECONOMICS MINISTER, APRIL 29, OPENED THE HANOVER TRADE FAIR, CLAIMED TO?

  • Description

    DR. ERHARD, WEST GERMAN ECONOMICS MINISTER, APRIL 29, OPENED THE HANOVER TRADE FAIR, CLAIMED TO BE THE LARGEST OF ITS TYPE IN THE WORLD. THE FIRST FAIR THERE WAS HELD IN 1947 - AND THIS YEAR'S EXHIBITION IS BIGGER IN AREA THAN EVER.

    THERE ARE 5,433 EXHIBITIONS, 1,152 OF THEM FROM ABROAD. THE UK TAKES SECOND PLACE TO FRANCE AMONG FOREIGN COUNTRIES PARTICIPATING. THE SOVIET UNION IS A BIG ABSENTEE, BUT OTHER EAST EUROPEAN COUNTRIES ARE TAKING PART.

    AMONG EXHIBITS BY WEST GERMANY FIRMS, A KRUPP EXCAVATOR IS ATTRACTING MUCH ATTENTION. IT HAS AN EXCAVATING CAPACITY OF 400 CUBIC METRES AN HOUR.

    DR. ERHARD, IN HIS OPENING SPEECH, AGREED THAT THE GERMAN ECONOMY WAS NOT AS BUOYANT AS A FEW YEARS AG, BUT FOUND THE CAUSES FOR THIS RATHER IN A NATURAL LEVELLING OFF PROCESS COMBINED WITH EUROPEAN INTEGRATION AND GROWING COMPETITION. SOME INDUSTRIES MIGHT SAY THAT THE ONLY POSSIBLE WAY OUT WAS TO RAISE PRICES; THAT WOULD BE TRUE IF THEY HAD NOT DEVELOPED RESEARCH, INVESTMENTS, OR THEIR COMPETITIVE EFFICIENCY, BUT THE EASY WAY OUT WAS NOT POSSIBLE FOR GERMANY ANY LONGER.

    THIS YEAR, MANY GERMAN FIRMS ARE SAID TO BE SHOWING HERE NOT SO MUCH, AS IN PREVIOUS YEARS, FOR PRESTIGE BUT RATHER TO WATCH CLOSELY THEIR COMPETITORS' PRICES, DELIVERY DATES, AND CONDITIONS OF SALE. AFTER YEARS OF OVERFULL ORDER BOOKS THERE WAS SAID, TOO, TO BE AN EAGERNESS NOW TO DO BUSINESS ON THE SPOT AND NOT BE CONTENT WITH MAKING CONTACTS.

  • Tags

  • Data

    Film ID:
    VLVAC7ADMIP7UOGI2EW2FR66YHUUP
    Media URN:
    VLVAC7ADMIP7UOGI2EW2FR66YHUUP
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    30/04/1962
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:11:00
    Time in/Out:
    /
    Canister:
    N/A

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