GERMANY’S PLIGHT
REPORT OF BASLE EXPERTS
FURTHER CONDITIONAL CREDITS RECOMMENDED
(U.P.A. by Elec. 'Tel. Copyright.) (Received Aug. IS. 11.50 p.m.) LONDON, Aug. 18
The Basle experts’ committee adopted the Layton report recommending six months’ prolongation of Germany’s short-term credits of approximately five milliards marks ■an condition the central banks of Great Britain, France and America, •also the Bank of International Settlements, which, h'as already granted Germany £20,000,000 credit are prepared to renew this for six months commencing to-day The report also favors fresh credits to Germany subject to certain conditions.
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Bibliographic details
Gisborne Times, Volume LXXII, Issue 11592, 19 August 1931, Page 5
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90GERMANY’S PLIGHT Gisborne Times, Volume LXXII, Issue 11592, 19 August 1931, Page 5
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