GERMAN DEBT PROPOSAL
OPPOSITION FROM LANCASHIRE. UNITED ACTION FAVOURED. British Wireless. Rugby, Sept 13. Lancashire spinners at a meeting in Manchester passed a resolution recording they were not in favour of accepting the German proposal in regard to outstanding German debts. The meeting advised that a special committee be set up to consider the question. It is understood that trader the terms of the offer before the meeting German cotton yarn importers offered to pay their old debts, amounting to £267,000, in 12 monthly instalments, and earlier if the British Empire would increase its takings of German hosiery and gloves. They further asked for a resumption of yam supplies, the new business to be done at six months’ credit instead of at the usual 30-day credit. It was decided that a special committee should immediately consider the advisability of approaching the coal and woollen industries to consider united action against Germany.
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Bibliographic details
Taranaki Daily News, 15 September 1934, Page 7
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151GERMAN DEBT PROPOSAL Taranaki Daily News, 15 September 1934, Page 7
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