NAZIS DENY HEAVY DEBT
CURRENCY CIRCULATIONS COMPARED
(Received November 30, 8.20 p.m.) BERLIN, November 30.
The President of the Reichsbank (Dr Hjalmar Schacht) told economists that reports of German indebtedness were exaggerated. The marks circulating in 1929 totalled 2,980,000,000 compared with 7,930,000,000 in the first 10 months of 1938, he said. Germany’s trade balance in 1934 showed a deficit of 284,000,000 marks, which had been converted in 1937 to a surplus of 443,000,000 marks, said Dr Schacht.
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Southland Times, Issue 23680, 1 December 1938, Page 5
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77NAZIS DENY HEAVY DEBT Southland Times, Issue 23680, 1 December 1938, Page 5
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