THE REICHSBANK'S GOLD
RESERVES DROPPING RAPIDLY INTEREST AMORTISATION PAYMENTS Press Association—By Telegraph—Copyright LONDON, May 10. Tlie ‘ Daily Telegraph’s * Berlin correspondent says the Rcielisbank’s gold reserves have fallen by £1,600,000 to £14,691,000. If the gold outflow continues at tho present rate the reserves will bo exhausted within a couple of months. Tho present transfer agreement will expire on June 3. It is considered that Germany cannot continue to meet her present engagements until then. The gold loss is chiefly due to interest amortisation payments under the Dawes loan. Despite the decreased note circulation tho gold cover has fallen to 5.4 per cent.
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Evening Star, Issue 21717, 11 May 1934, Page 9
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101THE REICHSBANK'S GOLD Evening Star, Issue 21717, 11 May 1934, Page 9
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