THE WORLD'S PROBLEMS
' FINANCES OF GERMANY.
LORD BEAVERBROOK'S VIEWS.
(Received August 17, 6.15 p.m.) / HALIFAX. August IG. Lord Beaverbrook, the Canadian-born British newspaper owner, in an interview at Halifax to-day, said the large short-term credits extended to Germany by Britain and the United States formed the crux of the present world financial crisis. The satisfactory disposal of these gigantic immediate obligations, which up to the present had baffled the efforts of international / experts, was the only avenue which offered hope of a solution. Lord Beaverbrook said the impression
in Canada that the British wheat market had been captured by Russia was a complete fallacy. Argentina had captured the market. She sent 10 times as much ■wheat to Britain last year as in 1929. That was what'eaused the break in prices and at the moment when Argentina was / making increased shipments Canadians were holding back their wheat for improved prices.
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Bibliographic details
New Zealand Herald, Volume LXVIII, Issue 20954, 18 August 1931, Page 9
Word Count
149THE WORLD'S PROBLEMS New Zealand Herald, Volume LXVIII, Issue 20954, 18 August 1931, Page 9
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