WARNING TO DEBTORS
EXPLOITING SITUATION
GERMANY'S FUTURE CREDIT
(British Offlclsl Wireless.) (Received December 14, 11 a.m.) ETTGBY, December 13. Commenting' on the recent speech of Dr. Schacht on German indebtedness, "The Times," in its city column, points out that it is natural that debtors everywhere should wish to take* advantage of apparently exceptional opportunities for obtaining concessions from creditors. But if they wish to preserve their credit, they must avoid giving the impression of a wish to exploit the present temporary situation. Debts contracted as a, result of'the, war are now being reduced in a variety of ways. The working capital of Germany was destroyed and Bhe had Binco been dependent on' foreign sources for capital needs. But her present debts, although they may be difficult to meet in existing circumstances,' should not, "The Times" considers, prove too burdersome in the future, and the paper states that Germany Will enhance or diminish her future credit by the manner of treating her creditors now.
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Bibliographic details
Evening Post, Volume CXVI, Issue 143, 14 December 1933, Page 9
Word Count
163WARNING TO DEBTORS Evening Post, Volume CXVI, Issue 143, 14 December 1933, Page 9
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