GERMANY’S STRONG FINANCES.
DISPENSING FOREIGN LOANS. LOCAL BORROWING SUFFICIENT By Cable—Press Association—Copyright. Australian and N.Z. Cable Association. (Received January 21, 8.15 p.m.) LONDON, January 2G The Berlin correspondent of Ui.e “Morning Post” sa;£; the country’s financial position is regarded as being sufficiently strong to enable it to dispense with foreign loans and resort to home borrowing. The Free State of Baden is issuing a G per cent, internal loan of approximately £1,650,000. Tho city of Stuttgart lias obtained authority to issue a loan of 15 to 20 million marks. Krupps are Issuing a loan of £8,000,000. Germany, up to the middle of December, had borroed from foreign countries, mainly the United States and England and Holland, about £193,600,000.
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Timaru Herald, Volume CXXIII, 22 January 1927, Page 9
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118GERMANY’S STRONG FINANCES. Timaru Herald, Volume CXXIII, 22 January 1927, Page 9
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