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GERMANY'S DEBTS

A YEAR'S MORATORIUM 1 BRITAIN NOT AFFECTED BERLIN, June 24 Dr. Schacht, Minister of Economics, has declared a complete moratorium on all maturities arising from Germany's medium and long-term foreign obligations to America and other countries with which Germany has no clearing or transfer agreement. The moratorium does not affect British creditors. It will become operative on July 1 for one year and it is attributed to deterioration in the exchange situation.

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https://paperspast.natlib.govt.nz/newspapers/NZH19350626.2.80

Bibliographic details

New Zealand Herald, Volume LXXII, Issue 22145, 26 June 1935, Page 11

Word Count
74

GERMANY'S DEBTS New Zealand Herald, Volume LXXII, Issue 22145, 26 June 1935, Page 11

GERMANY'S DEBTS New Zealand Herald, Volume LXXII, Issue 22145, 26 June 1935, Page 11