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In Paris on July 19, Eugene Schneider reported France's economic recovery to the international chamber of commerce, citing reduced import-export imbalance, increased manufactured exports, industrial reconstruction in war-devastated areas (41 factories with 235 workers vs. pre-war 3363 with 668,000), and encouraging agricultural reclamation expected to yield two-thirds of normal crop.
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EXPORT TRADE
(Correspondence of Associated Press)
PARIS. July 19-France is on the way to recovery. Eugene Schneider, president, told the delegates to the international chamber of commerce at its dedicatory session in the Sorbonne. He supported his optimism with figures on the reconstruction of the devastated regions. These showed that 41 factories employing 235 persons were operating in the invaded departments. This, however, was compared to 3363 factories employing 668000 before the war.
I gave two general indications of growing industrial force. first the diminishing excess of imports over exports with a marked increase in the exportation of manufactured articles and second the increasing vessel tonnage over the reconstruction financed by the government. Reclamation of the war-torn farms and necessary to reduce the countries enormous importations of food stuffs was said by M. Lebon to be encouraging. He said the devastated regions would produce two thirds of a normal crop this year.
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Foreign News Details
Primary Location
Paris, France
Event Date
July 19
Key Persons
Outcome
41 factories employing 235 persons operating in invaded departments (vs. pre-war 3363 factories with 668000); diminishing excess of imports over exports; increasing exportation of manufactured articles; increasing vessel tonnage; devastated regions to produce two-thirds of normal crop this year
Event Details
Eugene Schneider expressed optimism about France's recovery at the international chamber of commerce session in the Sorbonne, supported by reconstruction figures. M. Lebon noted encouraging farm reclamation to reduce food imports.