Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image

BONDS BOUND UP.

Reaction to Austro-German

Debt Settlement.

SOME CRITICS OF SCHEME

LOXDOX, July 3. There was great ■excitement in the City after business hours, when Austro(ierman bonds bounded up by £7 to £18 per cent, says the City editor of the "Daily Mail." Although Anstro-Cermans loans were sharply marked up, it would be wrong to infer that the City wholeheartedly approves the debt settlement. On the contrary, an influential body of opinion considers it undermines the principles of the sanctity of contract, thus discouraging investors from further international lending, which some quarters regard as so desirable.

It is pointed out that Oermany formerly had no difficulty in paying the full contractual rates of interest on t lie Dawes and Young loans, while the Austrian Government, with more slender resources, scrupulously met its obligations.

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AS19380704.2.113

Bibliographic details

Auckland Star, Volume LXIX, Issue 155, 4 July 1938, Page 9

Word Count
134

BONDS BOUND UP. Auckland Star, Volume LXIX, Issue 155, 4 July 1938, Page 9

BONDS BOUND UP. Auckland Star, Volume LXIX, Issue 155, 4 July 1938, Page 9