GERMAN DEBTS

Grey River Argus, 17 September 1934, Page 3

GERMAN DEBTS

TO BRITISH EXPORTERS. MUCH CONCERN SHOWN. (Aus. & N.Z. Cable Assn.) LONDON, September 15. The wool, cotfon and coal industries has appointed a deputation to see Mr Runeiman (President of the Board of Trade) on September 17, regarding Germany’s debts. Import restriction imposed in the decrees recently announced by Dr Schacht are being carefully studied by the appropriate Government departments in London and the newspapers anticipate that their effect on the A.nglo--German Exchange Agreement will be the subject of early negotiations with Germany. The “Daily Telegraph” says: “The object of such negotiations would be to seek to define an entirely new basis for the whole commercial relations between Germany and the United Kingdom.” In connection with the discussion of the broader issue, attention is directed to the decision of the Lancashire cotton spinners to reject the German proposals for the settlement of their outstanding commercial debts. The decision caused no little surprise in the newspapers, reflecting commercial opinion, as the proposals generally were regarded as most satisfactory.