GERMANY’S HUGE SECRET DEBT
WARNING TO AMERICAN INVESTORS, (VBy Telegraph—Press Assn.—Copyright) Received Wednesday, 9.50 p.m. WASHINGTON, March 3. After delays and disputes extending for more than two years the Securities Exchange Commission permitted the issuance, of 69,000,000 dollars of bonds by Germany to American holders of German bonds in lieu of past and due interest, but publicly called attention to the deficiencies in the German registration statement and asserted in effect that Germany had a virtual secret debt of approximately 2,000,000,000 dollars.
The statement related to the unsuccessful attempts to persuade Germany to reveal the details of her unrecorded debt and expressed the belief that it was only fair to warn American investors regarding Germany’s huge floating debt consisting of advance tax certificates, interest subsidy certificates and employment creation bills.
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Horowhenua Chronicle, 4 March 1937, Page 7
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130GERMANY’S HUGE SECRET DEBT Horowhenua Chronicle, 4 March 1937, Page 7
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