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.
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Bibliographic details
Auckland Star, Volume LXIX, Issue 155, 4 July 1938, Page 9
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134BONDS BOUND UP. Auckland Star, Volume LXIX, Issue 155, 4 July 1938, Page 9
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