HIRSCHFELD: I should like to make a clear distinction with regard to his point of view after September, after the autumn of 1944, and during the first 4½ years. After the autumn of 1944 he was much more outspoken in the Netherlands’ interests than previously.

M. DUBOST: Before being the secretary general of the various administrations, which you administered during the German occupation, you were Director of Foreign Trade in Holland; and as such you were present at international negotiations, and in particular, you negotiated with the representatives of Germany about economic questions concerning your country. You therefore knew Schacht?

HIRSCHFELD: Yes, I believe I first met Schacht in 1933 at the World Economic Conference in London.

M. DUBOST: During your negotiations with Schacht were you not led to ask him to restrict the rearmament of Germany which was ruining her credit?

HIRSCHFELD: If I am to answer this question, I must go back to a conversation in 1936, when I was in Berlin and saw Schacht in connection with trade treaty negotiations. During this conversation the international financial situation came up for discussion because there were various currency devaluations at that time affecting the French franc, the Swiss franc, and the Dutch guilder. The situation of German currency was also discussed in this connection. When I voiced my criticism, Schacht said, “How would you do it?”

I said I could only give him my private opinion. Then I asked if Germany—a question under discussion at that time—when taking up more international loans, would be ready to assume the consequences, as the interests and amortizations would imply a blocking of the importation of raw materials which would have an unfortunate effect on the labor market and on rearmament. Would Germany be willing to accept such consequences? If so, then, according to what was my private opinion in 1936, international loans might be discussed. If not, such a discussion would have little point.

Then Schacht gave me his opinion. Germany needed rearmament in order to be equal to the other great powers in international politics. Only on such a basis could one negotiate. And Schacht said to me in his own ironical pointed way, “I want a big and strong Germany; and to achieve that, I would even ally myself with the devil.” In the course of this discussion, Schacht asked a few questions. First, he wanted to clear up the currency question, and secondly, he considered the colonial question important.

Regarding the colonial question, he said to me that in his opinion it was possible for Germany to take over colonies again and that she would accept the responsibility not to arm these colonies and not to set up any naval bases there. If such a policy was to be adopted, he believed that German economic and foreign policy might be reoriented. In this connection Schacht told me that he did not approve of the anti-Semitic tendencies then prevalent in Germany. He gave me examples of his attitude toward anti-Semitism and how he rejected it. I may add one example here that he gave me, his conversation with a certain Klagges, who was Prime Minister of Brunswick, and who made Hitler a German citizen.

M. DUBOST: That is of no interest to me. Schacht told you he had defended the Jews.

Now, as to the General Staff, was it not the German General Staff who gave the order to have raids carried out in Rotterdam?