GERMAN FINANCE.
MANY BANKS RESUME OPERATIONS. DEPOSITS EXCEED WITHDRAWALS. (ySITSP PRKBB ASSOCIATION —BY ELECTKTC 'IBIiJSGRAPH—COPTEIGHT.) (Received August sth, 7 p.m.) BERLIN, August 5. Although restrictions will not bo removed till to-morrow many banks resumed operations to-day. The amounts paid in exceeded the withdrawals. Dr. Bruening, the Chancellor, broadcasting to-night, indicated that the banks would he brought under the control of the Government. He declared that the emergency measures had nor thing to do with inflation. Depositors need not be afraid that they would lose their hard-earned savings,
EXPERTS TO STUDY CREDITS. J (BBITJSH OFFICIAL WIRELESS.) RUGBY, August 4. The Bank of International Settlements has decided that the first meeting of the committee set up at the iet,i,est of the London Ccmferenco to enquire into tjio ' n J» lc s', credit needs of Germany and to sluay the possibilities of converting P al the present short term credits ni"> long term credit shall ho held on urday. Mr Albert Wiggm the American member of the committee set. up by the bank, is on his way to Lurope-
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Bibliographic details
Press, Volume LXVII, Issue 20308, 6 August 1931, Page 11
Word Count
176GERMAN FINANCE. Press, Volume LXVII, Issue 20308, 6 August 1931, Page 11
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