LOANS TO GERMANY
MORATORIUM ON MATURITIES
EXCHANGE DETERIORATION
(Received June 25, 2.15 p.m.) ! ' BERLIN, June ; 24. The Minister of National Economy, j Herr Schacht, has declared a complete moratorium on all maturities arising ' from Germany's medium and long-term foreign obligations for America: and other countries with which Germany has no clearing or transfer agreement. The moratorium does not affect British creditors, and will operate' from July 1 for a year. ■ : ■ •
The action is attributed, to the, deterioration in the exchange situation.
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Bibliographic details
Evening Post, Volume CXIX, Issue 148, 25 June 1935, Page 10
Word Count
81LOANS TO GERMANY Evening Post, Volume CXIX, Issue 148, 25 June 1935, Page 10
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