CREDITS TO GERMANY
NO INCREASE BY BRITISH BANKERS (British Official Wireless) RUGBY, 19th May. The Chancellor of the Exchequer, Mr Neville Chamberlain, slated in the House of Commons in reply lo a question that his attention had been drawn to figures in the report of the Bank for liucrti'.i--tional Settlements and to the fact that m certain quarters an inference had been founded on these figures that British hankers had increased their German credits during 1935. The Committee of British Short Term Creditors had published a statement showing that this inference was based on a complete misapprehension. Total British credits, both used and unused, decreased during 1935 by just over £1,090,000. Larger reductions in the credits of other countries were mainly duo to the*willingness of creditors there to accept repayment of German currency with the heavy capital loss which such repayment involved.
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Nelson Evening Mail, Volume LXX, 21 May 1936, Page 11
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142CREDITS TO GERMANY Nelson Evening Mail, Volume LXX, 21 May 1936, Page 11
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