REICHSBANK'S PLIGHT
SCHACHFS ONSLAUGHT
DAMAGING CRITICISM
BERLIN, 11th October. Dr. Schacht, formerly President of the Reichsbank, in most outspoken criticism, said that Germany's foreign debts were considerably higher than they were reported to be. Repayments on the duo dates wcro impossible, but the public had not been told lest they should become nervous. The public also had not been told, ho said, that the Reichsbank holdings were inadequate in gold cover, and included large amounts of foreign currencies shortly due for repayment.
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Bibliographic details
Evening Post, Volume CXII, Issue 90, 13 October 1931, Page 9
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82REICHSBANK'S PLIGHT Evening Post, Volume CXII, Issue 90, 13 October 1931, Page 9
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