IN LIEU OF INTEREST
GERMANY TO U.S.A.
ISSUANCE OF BONDS
WARNING TO INVESTORS
WASHINGTON, March 3,
After delays and disputes extending over more than two years, the Securities Exchange Commission has permitted the issuance of 69,000,000 dollars of bonds by Germany to American holders of German bonds in lieu of past due interest, but has publicly called attention to deficiencies in the German registration statement and has asserted in effect that Germany had a virtual secret debt of approximately two billion dollars.
The statement related to unsuccessful attempts to persuade Germany to reveal the details of her unrecorded debt and expressed the belief that it was only fair to warn American investors regarding Germany's huge floating debt, consisting of advance tax certificates, interest subsidy certificates, and employment creation bills.
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https://paperspast.natlib.govt.nz/newspapers/EP19370304.2.63
Bibliographic details
Evening Post, Volume CXXIII, Issue 53, 4 March 1937, Page 9
Word Count
129IN LIEU OF INTEREST Evening Post, Volume CXXIII, Issue 53, 4 March 1937, Page 9
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