AMASSING CREDITS
GERMANY’STTUTURE TRADE. Frees Association—By Telegraph—Copyright. WASHINGTON, March 17. Information received by the Controller of the Federal Reserve shows that since the war Germany has been amassing credits in the United States. The national banks are holding the funds in the names of individuals. It is presumed that the funds will be used for purposes of Germany’s future trade, much of which is 'expected to centre in-the United StatesIt was said that the Germans used similar means to store funds in Holland and Scandinavian countries, and more lately m London, after the British had given assurances that the deposits would not be confiscated. It is recalled that the Allies included federal reserve banks as optional depositories for German indemnity payments. —A. and N.Z. Cable.
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Otago Daily Times, Issue 18198, 19 March 1921, Page 10
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125AMASSING CREDITS Otago Daily Times, Issue 18198, 19 March 1921, Page 10
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