GERMANY CAN'T PAY
FOREIGN LOANS MUST BE CONSOLIDATED.
ILLOGICAL TO WANT MONEY AND BAN IMPORTS.
HOPE FROM WORLD CONFERENCE.
(U.P.A. by Elec. Tel. Copyright.)
BERLIN, Oci. 16. lion- von Pnpen, in a speech in Westphalia, outlining Germany’s attitude towards the World Economic Conference, emphasised the impossibility of realising on foreign money at present invested in Germany. Foreigner- must, therefore, consolidate their loons. German\- would do her utmost to persuade creditor nations that they could only receive payment if they were prepared to accept German good-. Therefore, ii. would be illogical m demand repayment and ban German imports. Germany’s foreign, indebtedness. £ L0G0,000.000. would not he an unbearable burden if foreign frontiers were open. Unfortunately. Ottawa did not revive confidence regarding; the raisin™ of the world’s economic barriers. Nevertheless. there must be hope for the World Economic Conference, and that progress would result. Ilerr von pnpen denied that the quota would endanger the stability of German currency. He announced a big propaganda campaign abroad to popularise German goods.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GIST19321018.2.49
Bibliographic details
Gisborne Times, Volume LXXIII, Issue 11770, 18 October 1932, Page 5
Word Count
166GERMANY CAN'T PAY Gisborne Times, Volume LXXIII, Issue 11770, 18 October 1932, Page 5
Using This Item
The Gisborne Herald Company is the copyright owner for the Gisborne Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in