SMALL LOAN USELESS
ADVICE FROM STINNES.
BERLIN, Bth, June.
Hew Stinnes, addressing Westphaliao manufnctui-exs=:wnd business men in reference to the reparations loan, said that a small loan which would give a moment's breathing space would not help Germany to meet her obligation*. If the reparations were to be paid, and, interest and sinking fund on the loan were to be found, there must be a oonsideraible increase in the rate of production, but if the German population were asked to work harder they must be given conditions which would convince them . that, their, labour had some, aim. >A small loan. Would-be harmful, because it would cause an artificial improvement in the value of the mark. This would bo intolerable for France, because Germany would become independent of French, supplies of raw materials from'the annexed territories. He considered the occupation' of further German territory preferable to a small loan.
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Bibliographic details
Evening Post, Volume CIII, Issue 134, 9 June 1922, Page 7
Word Count
148SMALL LOAN USELESS Evening Post, Volume CIII, Issue 134, 9 June 1922, Page 7
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