GERMAN BUDGET.

Press, Volume LXVIII, Issue 20543, 11 May 1932, Page 11

GERMAN BUDGET.

GRANTS FOR PAST DEFICITS. NO PAYMENT OP SUSPENDED REPARATIONS. (UNITED PBESS ASSOCIATION— BY RLECTEIC TELEGRAPH—COPYRIGHT.) (Received May 10th, 8.30 p.m.) BERLIN, May 0. An outline of the Budget for the 3932-33 financial year was given in the Reichstag by the Minister for Finance, Hon. H. R. Dietrich, who explained that it was impossible to submit the Budget in final form until expenditure on unemployment relief had been decided. The Budget will contain no provision for the payment of suspended reparations. It will balance at £415,000,000, and provision will be made for granting £21,000,000 towards the budgetary deficits of 1930 and 1931. GERMAN CREDITS. BANK OF INTERNATIONAL SETTLEMENT. (BBITISH OmCUt WIRELESS.) RUGBY, May 9. The resignation of Sir Charles Addis, one of the directors of the Bank of England, from the vice-chair-manship of the Bank of International Settlement, at Basle, took effect today. Signor Alberto Beneduco (Italy) has been nominated as his successor. To-day's Board meeting decided to renew the bank's share of the 90,000,000 dollars' credit for the Reichsbanli for three months, providing the Bank of England, the Bank of France, and the Federal Reserve Bank of .America also renew their shares.