INTERNATIONAL DEBTS
THE TRANSFER PROBLEM.
DIFFICULTIES EXAGGERATED.
(united Press Assn. —By Telegraph—Copyright.) (Rec. 5.5 p.m.) Washington, May 15. A report from Chicago states that Mr Ivar Kreuger, head of a Swedish match trust, addressing the Industrial Club, said that the difficulties in solving the international transfer problem were at present greatly exaggerated. Stressing that it was hopeless to pay international debts by gold, he said: “As I understand it a solution should involve the creation in the main creditor countries of a sufficiently broad and reliable market for international securities. Any country with sound finances should be able to depend on getting a deficit in its yearly balance of payments transferred into long term loans at a reasonable rate of interest.” ■
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Southland Times, Issue 21085, 17 May 1930, Page 7
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121INTERNATIONAL DEBTS Southland Times, Issue 21085, 17 May 1930, Page 7
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