GERMANY'S REPARATION.
OCTOBER INSTALMENT MET.
FINANCIAL RELIEF SCHEMES. SIR J. BRADBURY'S PLAN. By Telesrraph—"?re<ss Association —Copyright. (Reed. 10.50 ».m.) A. ond N.Z- LONDON, Oct. 16. Germany has handed over to the Reparation Commission bills equivalent in value to £2,500,000, in payment of the reparation instalment due on October 15. The bills will mature on April 15, 1923. It is officially announced that Sir John Bradbury's scheme provides for, firstly, the removal of the reparation charges from the German Budget for two or oven four years, in order to enable Germany to obtain credits; secondly, fixing the mark's exchange and allowing the Reichsbank to sell gold marks against paper marks at a fixed rate, determined by the mixed commission; thirdly, reorganisation of the commission and its transference to Berlin. MARK'S RECORD SLUMP. 13,200 TO THE POUND. A. and N.Z- LONDON, Oct. IG. Exchange on Berlin slumped to-day to 13,200 marks to the pound, a record, on heavy selling, and closed _at 12,900.
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Bibliographic details
New Zealand Herald, Volume LIX, Issue 18224, 18 October 1922, Page 9
Word Count
161GERMANY'S REPARATION. New Zealand Herald, Volume LIX, Issue 18224, 18 October 1922, Page 9
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