GERMAN BANK'S LOSSES
HUGE FOREIGN OBLIGATIONS. REPARATIONS IMPRACTICABLE. (Press Association.—Copyright.) (Received 10.5 a.m.) Berlin, March 16. The Reichs Bank's annual report for 1931 shows that the bank lost 1,508,000,000 marks in its efforts to regulate the stability of the Reich's marks. Its obligations to foreign countries at the end of the year were 338,000,000 marks, compared with nearly 134,000,000 in 1930. The report concludes that the reparation payments have proved to be impracticable and there is no other way but to abolish this system formally and with the utmost speed if the world is to be preserved from a new economic and social catastrophe.
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King Country Chronicle, Volume XXVI, Issue 3444, 17 March 1932, Page 5
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104GERMAN BANK'S LOSSES King Country Chronicle, Volume XXVI, Issue 3444, 17 March 1932, Page 5
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