MONTAGU NORMAN
• I***’ ..***'“ Mivstayxiy xiad its interesting features, but, oh, the omissions! It was Montagu Norman who, m the year Britain came to death grips with Germany (1939), remarked that it was better to lend Germany £50,000,000, even if it were never repaid, than the fall of Nazism. Montagu Norman was an intimate friend of Dr. Schacht (whom Lord Vansittart described as “the most oleaginous rascal he ever met”) and godfather to his children. Montagu Norman, with Dr. Sprague, of the United States Reserve Bank system, helped finance Germany through Dr. Schacht, after the war; and when the Austrian Bank. Credit Anstalt (which he had backed) came to grief, Montagu Norman coolly transferred the loss of £40.000.000 from the Bank of England to the debit of the Exchange Equalisation Account —a national property (“Brief for the Prosecution” is my authority). “Ich dien”—for whom?—Yours, etc., VERITAS. February 7, 1950.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19500208.2.5.6
Bibliographic details
Press, Volume LXXXVI, Issue 26032, 8 February 1950, Page 2
Word Count
148MONTAGU NORMAN Press, Volume LXXXVI, Issue 26032, 8 February 1950, Page 2
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in