FOREIGN DEBTS
GERMAN MORATORIUM
BELIEVED IMMINENT BERLIN, Juno S. It is'widely, reported that; Germany is declaring a foreign debts moratorium on June 8. The transfer moratorium will be restricted in scope, and will not include payments under standstill agreements, which. Dr. Schacht will discuss in London. Germany, regardless of- the moratorium, intends to repay the United States £9,000,000, the balance of the loan made during, the banking crisis in 1931. Tho money has been earmarked sinco Dr. Schacht became President of the Beichsbank. Therefore it will uot affect the Beichsbank 's reserves.
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Bibliographic details
Evening Post, Volume CXV, Issue 134, 9 June 1933, Page 7
Word Count
92FOREIGN DEBTS Evening Post, Volume CXV, Issue 134, 9 June 1933, Page 7
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