PRIORITY OF PAYMENTS
LONDON, 7th December. "The-question of priority of German payments is academic," says "The Times" in an editorial. "Reparations cannot be paid unless German trade is restored 'enabling payments to be made without endangering the stability of tho currency. This depends on a revival of confidence, which is only possible if Germany is allowed breathing spaco to recover her solvency. The Basle committee must almost inevitably recommend a complete moratorium of all reparation payments until German internal stability is restored, otherwise tho whole structure of international credit will again be thrown into confusion. French insistence on priority is only intelligible if an attempt be made to maintain tlic juridiuial integ' rity of the Toung Plan."
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Evening Post, Volume CXII, Issue 138, 8 December 1931, Page 7
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117PRIORITY OF PAYMENTS Evening Post, Volume CXII, Issue 138, 8 December 1931, Page 7
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