GERMAN REPARATIONS
PAYMENTS UNLIKELY. SUSPENSION .IUSTIFIEI). (United Press Association —By Electric Telegraph Copyright.) NEW YORK. Oct. 22. Dr. Sehac-ht discussing the reparation problem, says :“Germany would be entitled to suspend payments and entirely justified in doing soi, if she could not otherwise meet the interest payments on private loans, which must always rank ahead of political debts. “It is very unlikely, in fact almost im'possible. that Germany can pay reparations, in the amounts now required, but the answer to the Reparations problem. is contained in articles of the Young Plan, which authorises debtorand creditors to argue the problem nmieablv.”
The United States Treasury and banking leaders were reported by the Washington correspondent of the Louden “Times” to be discussing a draft 'dan for a passible moratorium on the Allied debt payments to the United States. The correspondent expressed the belief that Germany would be forced to declare a moratorium on her conditional reparation payments.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HAWST19301025.2.52
Bibliographic details
Hawera Star, Volume L, 25 October 1930, Page 6
Word Count
154GERMAN REPARATIONS Hawera Star, Volume L, 25 October 1930, Page 6
Using This Item
Stuff Ltd is the copyright owner for the Hawera Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in