TRANSFER PROBLEM
INTERNATIONAL TRADE
SUGGESTION FOR SOLUTION
WASHINGTON, 15th May.
A report from Chicago states that Mr. Ivar Kreuger, head of the Swedish match trust, addressing the Industrial Club, said that the difficulties in solving the international transfer problem were at present greatly exaggerated.
Stressing that it was hopeless to pay the international debts "by gold, Mr; Kreuger said: "As I understand it, the solution should involvo the creation in tho main creditor countries of a sufficiently broad and reliable market for international securities to make it possible that any country with sound finances should be able to depend on getting a deficit in the yearly balance of payments transferred into! long-term loans at a reasonable rate of interest."
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Bibliographic details
Evening Post, Volume CIX, Issue 115, 17 May 1930, Page 9
Word Count
119TRANSFER PROBLEM Evening Post, Volume CIX, Issue 115, 17 May 1930, Page 9
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