GERMANY’S DEBTS.
DRAFT CLEARING PACT. (British Official Wireless.) Received November 2, 11.46 a.m. RUGBY, Nov. 1. An Anglo-German debts clearing agreement, terms of which were given by Mr W. Runciman in the House or Commons, was initialled in Berlin today. In his statement, Mr Runciman said that for some time during the negotiations it appeared that no solution of the difficulties could be found, except along the lines of a clearing agreement in spite of the drawbacks of such a system and the hindrances which it inevitably places upon the flow of trade. A draft clearing agreement which it was hoped would avoid the major difficulties had, however, been agreed upon. The agreement was the best possible in the circumstances, but he did not suggest it would remove all the difficulties in the way of Anglo-German trade. He advised exporters to proceed with caution.
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Manawatu Standard, Volume LIV, Issue 288, 2 November 1934, Page 9
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144GERMANY’S DEBTS. Manawatu Standard, Volume LIV, Issue 288, 2 November 1934, Page 9
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