INTERNATIONAL DEBTS
PAYMENT BY BOLD DIFFERENT METHOD ADVOCATED.
Press Association —By Telegraph—Copyright
WASHINGTON, May 15. A report from Chicago states that Mr Ivar Kronger, head of tho Swedish Match Trust, when addressing the Industrial Club, said that difficulties in solving the international transi problem were at present greatly exaggerated. Stressing the point that it was hopeless to pay international debts by gold, be said: “ As I understand it, the solution should involve the creation in tho main creditor countries of a sufficiently broad and reliable market for international securities to nake it possible that any country with sound finances should be able to depend on getting a deficit in the yearly balance of payments transferred into long-term loans at a reasonable rate of interest.”
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Evening Star, Issue 20486, 17 May 1930, Page 15
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124INTERNATIONAL DEBTS Evening Star, Issue 20486, 17 May 1930, Page 15
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