GERMAN FINANCES
RE-ESTABLISHMENT IN RUHR
THE £40,000,000 LOAN
BY CABLE—PRESS ASSOCIATION—COPYRIGHT
PARIS, Sept. 1. The various stages fixed for the reestablishing of German economic sovereignty in the Ruhr will be calculated from to-day as the result of a meeting of the Reparations Commission officially registering the promulgation of the German Dawes laws.
BERLIN, Sept. 1. The Minister for Finance (Herr Luther) states that Germany’ to-day paid the Reichsbank on account of the Agent-General for Reparations, 20,000,000 gold marks, being the first instalment for the service of the impending German international loan.
8 PER CENT INTEREST.
LONDONj Sept. 1. The Government has invited the Bank of England to handle the issue of the £40,000,000 German loan, which will be floated on October 5, probably at 8 per cent., America bearing 50 per cent., Loudon 40 per cent., and the Continent the remainder. City circles* are convinced that the loan will be a success at 8 per cent.
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Bibliographic details
Hawera Star, Volume XLVIII, 4 September 1924, Page 5
Word Count
156GERMAN FINANCES Hawera Star, Volume XLVIII, 4 September 1924, Page 5
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