Moratorium on Foreign Obligations?
WAY BEING PAVED IN GERMANY United Press Association —By Electric Telegraph—Copyright. Received Sunday, 7 pm. BERLIN, Sept. 22. The Reiclisbank has decided not to pay an interim dividend on the ground that there is insufficient foreign exchange in the hank’s possession to effect a transfer to foreign holders. It is understood that the Economic Ministry has ordered industrial concerns and municipalities to suspend all interest amortisation payments to foreign investors until April 1, 1935. These are regarded as fresh steps towards the declaration of a complete transfer moratorium on Germany’s foreign obligations.
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Bibliographic details
Manawatu Times, Volume 59, Issue 223, 24 September 1934, Page 7
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96Moratorium on Foreign Obligations? Manawatu Times, Volume 59, Issue 223, 24 September 1934, Page 7
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