DEBT SETTLEMENT
AGREEMENT WITH GERMANY MIXED RECEPTION IN LONDON Press Association—By Telegraph—Copyright LONDON, July 2. Although Austra-German loans were sharply marked up, it would be wrong to infer that the City wholeheartedly approves of the debt settlement with Germany. On the contrary, an influential body of opinion considers that it undermines the principles of sanctity of contract, thus discouraging investors from further international lending, which some quarters regard so desirable. It is pointed nut that Germany formerly had no difficulty in paying the full contractual rate of interest on the Dawes and Young loans, while the Austrian Government, with its more slender resources, scrupulously met its obligations. The City correspondent of the ‘ Daily Mail ’ says that there was great excitement in the City after business hours, when the terms of the agreement became known. Austra-German bonds bounded up by £7 to £lB per cent.
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Evening Star, Issue 23000, 4 July 1938, Page 9
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144DEBT SETTLEMENT Evening Star, Issue 23000, 4 July 1938, Page 9
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