STRESEMANN BOMBSHELL
WHAT LOAN WOULD MEAN TO
STATE.
(AUSTRALIAN-NEW ZEALAND CABLE ASSOCIATION.)
(Received 24th November, 10 a.m.) LONDON, 23rd November The "Daily Telegraph's" Berlin correspondent states that Dr. Stresemann, the Chancellor, flung his bombshell regarding the foreign financiers' offer among his opponents as if throwing away a cigar stump. It" the statement is true, Stresemann .will certainly survive the Reichstag conflict triumphantly and Germany will find herjselt' on the eve of a sudden restoration of economic health. The sum mentioned would, at present rates, sufiice to buy up the whole floating debt, which is, practically equivalent to the circulation of paper marks ten times over, arid with the remnant of the Reichstag's hoard of gold it would raise Germany's cold reserve to the level at which 'it ttood at the outbreak of the war. It should, therefore, if reparations payments he suspended for a vhile, be 'amply sufficient to restore German currency to a sound gold basis.
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Bibliographic details
Evening Post, Volume CVI, Issue 126, 24 November 1923, Page 7
Word Count
157STRESEMANN BOMBSHELL Evening Post, Volume CVI, Issue 126, 24 November 1923, Page 7
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