ABSTRACT

Removal of Import Supervision-Promotion of Exports D U R I N G the early stages imports were reserved to the Allies. I t was they who financed imports, particularly those of Category A, which were meant to prevent famine, a general break-down, epidemics, etc. Apart from these imports, which were tied to the provision of a minimum of calories, there were those of Category B, which comprised raw materials for processing into finished goods for export; any surpluses arising were used to help in financing imports of foodstuffs under Category A. During the early post-war years the dollar clause was applied to German foreign trade and consequently the only goods entering into our foreign trade had a dollar value. Accordingly Germany-a paradox in view of its poverty-was a hard-currency country par excellence.