CREDITS TO GERMANY
No Increase From Britain (British Official Wireless.) (Received May 20. 5.5 p.m.) Rugby, May 19. The Chancellor of the Exchequer. Mr. Neville Chamberlain, stated in the House of Commons In reply to a question that his attention had been drawn to figures in the report of the Bank for International Settlements and to the fact that in certain quarters an inference had been founded on these figures that British bankers had increased their German credits during 1935. The Committee of British Short Term Creditors bad published a statement showing that this inference was based on a complete misapprehension. Total British credits, both used and unused, decreased during 1935 by just over £1,600,000 Larger reductions in the credits of other countries were mainly due to the willingness of creditors there to accept repayment in German currency with tiie heavy capital loss which such repayment involved.
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Dominion, Volume 29, Issue 200, 21 May 1936, Page 9
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147CREDITS TO GERMANY Dominion, Volume 29, Issue 200, 21 May 1936, Page 9
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