REICHSBANK'S DEBTS
MEETJNG IN BERLIN MARK BONDS ISSUE PROPOSED BERLIN. May 29 Forty British, American and other bankers, representing Germany's creditors, met the directors of the Reichsbank to-day in response to an invitation. _L_ The president of the Reichsbank, Dr. Schacht, declared that the standstill agreements merely postponed the day of reckoning. Germany's currenc\ coverage of gold aud foreign monejs was only 8 per cent and further withdrawals would result in inflation and catastrophical consequences. The creditor bankers subsequently deliberated in private. It is understood they are considering a scheme tor the creditors to accept a German issue of mark bonds instead of foreign currencies, the bonds to be realisable abroad and to bear a guaranteed btate interest of 4 per cent.
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New Zealand Herald, Volume LXX, Issue 21505, 31 May 1933, Page 11
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122REICHSBANK'S DEBTS New Zealand Herald, Volume LXX, Issue 21505, 31 May 1933, Page 11
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