ALL EYES ON BASLE
DE. LUTHEE'S MISSION
WHAT FAILURE MEANS
(Beceived 14th July, 1.30 p.m.)
; ■ BERLIN, 13th July. All eyes are turned to Basle to-night. German financiers believe that everything deponds on Dr. Luther's'efforts to secure substantial credits. It is believed that if he fails to secure support by Wednesday when the exchanges reopen, a general moratorium, must be declared. ■
It is reported in Berlin and Paris that Dr. Luther has taken, to Basle a compromise proposal regarding the French political demands. This, it is believed, applies to the Austro-German Customs Union, but not to the naval programme. Following the Darmstadter and National Banks' suspension, of payments, several of their subsidiaries, as well as one of the largest provincial banks, the Dusseldorf Municipal, and banks in other cities have followed suit.
The Paris Press continues to show no sympathy to Germany. Most of the papers strongly criticise the Beich policy as primarily responsible lor tho catastrophe. ■
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Bibliographic details
Evening Post, Volume CXII, Issue 12, 14 July 1931, Page 7
Word Count
156ALL EYES ON BASLE Evening Post, Volume CXII, Issue 12, 14 July 1931, Page 7
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