GERMANY’S DEBTS
PAYMENT IMPOSSIBLE AN APPEAL FOR TIME (Elec. T°b Copyright—United Press Assn.) (Received April 9, 11 a.m.) 'BASLE, April 8. At a meeting of Germany’s five creditor countries, Dr. Sqhacht, while insisting on the impossibility of Germany continuing the present arrangement regarding the transfer of payments, optimistically referred to the improvement in the economic situation since the Nazis’ advent to power, including the decrease in unemployment and, 'bankruptcies, the increase in revenue and purchasing power, and the progressive reduction in rates of interest. Ho said that if given time, and not pressed unduly, Germany would be able to meet her obligations.
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Bibliographic details
Poverty Bay Herald, Volume LXI, Issue 18367, 9 April 1934, Page 7
Word Count
102GERMANY’S DEBTS Poverty Bay Herald, Volume LXI, Issue 18367, 9 April 1934, Page 7
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