ALIEN PROPERTY FUNDS
ADOPTION FOR TRADE DEVELOPMENT. NOVEL AMERICAN PROPOSAL. p—i* Association —By Tvlcgreph—Copyright WASHINGTON, January 13. (Received Jan. 14, at 9.50 p.m.) The Custodian of Alien Property (Mr Miller) has recommended to President Coolidge the immediate creation of a huge Federal corporation financed with alien property funds to effect a revival of trade letween the United States and the former enemy Powers. Mr Miller stated that there was available for this purpose 180,000,000 dollars. The Custodian believes that this would not only restore trad© relations, hut would develop* a surplus which would assure Germany’s liquidation of all legitimate American claims and eventually enable the United States to return the original funds intact to their rightful alien owners, thus avoiding the confiscation of enemy property. Meanwhile, the Custodian favours the 'utilisation of the sum as credits for German firms which lost property here through war seizures. —A. and N.Z. Cable.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19240115.2.47
Bibliographic details
Otago Daily Times, Issue 19069, 15 January 1924, Page 7
Word Count
150ALIEN PROPERTY FUNDS Otago Daily Times, Issue 19069, 15 January 1924, Page 7
Using This Item
Allied Press Ltd is the copyright owner for the Otago Daily Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in