MID-EUROPEAN CORPORATION
Mr. Norman Holden, chairman of the Mid-European Corporation, is to be congratulated on speaking his mind. It is not everybody's mind, but it is not everybody who is confronted with the problem of running an investment trust which still has nearly r6 per cent. of its assets invested in Germany. He told shareholders on Monday that in present conditions it is impossible to arrive at the true value of the assets in Germany, and that the total depreciation of the group now amounts to £965,508. Small wonder that he speaks trenchantly on the political situation. In Mr. Holden's view, Germany and Great Britain are now beginning to understand each other, " that is to say, we now understand that Mr. Hitler's ambition is to dominate Europe, Africa and a large part of Asia, and he understands that we intend to stop him doing it. On this basis of conditioned hostility it should be quite possible to arrive at a reasonable working agreement." He believes that both countries could carry on in much the same way as from 1897 to 1914, and that " a long period of peace lies before us." He vigorously attacked the idea of penalising armament profits, and suggested as an alternative that " those who make good warplanes, good machine guns, good equipment, should be held in high esteem, while those who make bad ones should be executed."
Previous page
