GERMAN BOND ISSUE.

Grey River Argus, 14 January 1929, Page 5

GERMAN BOND ISSUE.

Disapproved by U.S.A. (Received January 13, at 8 p.m-7 WASHINGTON, January 12 The United Staff's will not approve of thd flotation! ■ on the American market of the huge bond issue by Germany, and her former ally's, who are considering the liquidation oi Germany ’8 war obligations. The? State and Treasury Departments announced this, and at the sam® time, it is unofficially announced that Owen D. Young has accepted an invitation to beco(me .one of the unofficial! American experts on the Committee, planning to undertake revision of the Dawe’s Plan. The announcement foilowl-’id Mr Young’s conferences with President Coolidge, and Mr Kellogg tex-day. The Treasury Department also announced that (Such bonds as those mentioned above will not be accepted ir payment of FifUich, British, Italian or Belgian war debts to the United States. It issumed that th© decisions Wlill be announced to Germany and th* Allies by Mr Young. , American Bankers are reported tobe as unwilling aa the Government to float German bonds in this, country, in any such quantity as would be involved by tHI projected scheme for commercialising the German debt.