HEAVY SECRET DEBTS.
American Warnings Regarding Germany. NEW BOND ISSUE PERMITTED. (Received 9.30 a.m.) WASHINGTON, March 3. After delays and disputes extending over more than two years the Securities Exchange Commission lias permitted the issue of 69.000,000 dollars' worth of bonds by Germany to American holders of (ieriiian bonds in lieu of interest due in the past. However, it has publicly called attention to deficiencies in the German registration statement and alleged in effect that Germany had a virtual secret debt of. approximately 2,000,000,000 dollars.
The commission related unsuccessful attempts to persuade Germany to reveal the details of unrecorded debts. It expressed the belief that it was only fair to warn American investors regarding Germany's huge floating debt consisting of advance tax certificates, interest, subsidy certificates and employment creation bills.
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https://paperspast.natlib.govt.nz/newspapers/AS19370304.2.45
Bibliographic details
Auckland Star, Volume LVXIII, Issue 53, 4 March 1937, Page 7
Word Count
130
HEAVY SECRET DEBTS.
Auckland Star, Volume LVXIII, Issue 53, 4 March 1937, Page 7
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