THE REICHSBANK
COUNCIL TO DISAPPEAR DRASTIC FINANCIAL CHANGES (United Press Association.) (By Electric Telegraph—Copyright.) BERLIN, September 22. (Received Sept. 22, at 11.30 p.m.) Drastic changes in the financial, constitution were foreshadowed by Herr Schacht in a conference with press representatives. The council of the Reichsbank, which has always opposed inflation, is destined to Herr Schacht declared that the president of the Reiehsbank cannot practise any other policy than that of the Government, nevertheless he insisted that the money necessary for the movement of trade exists and if more is needed the bank can furnish it without danger of inflation. The present backing of Reiehsbank notes by the gold of foreign currencies will be abandoned, and fixed interest bonds purchased by the bank in the open market or accepted as security for loans will be available as cover for the bank’s issues. ESTABLISHED BY TREATY. LONDON, September 22. (Received Sept. 22, at 11.30 p.m.) The Daily Herald states that the council of the Reiehsbank was established by international treaty.
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Otago Daily Times, Issue 22066, 23 September 1933, Page 11
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168THE REICHSBANK Otago Daily Times, Issue 22066, 23 September 1933, Page 11
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