TO HELP GERMANY.
WALL STREET ARRANGEMENTS. FOR INTERNATIONAL LOAN. (Received 10 p.m.) New York, Mar. 20.—The New York “Tribune” states that Wall street, in conjunction with British and Continental financial interests, will begin arranging the machinery and distribution of the international loan for Germany early this summer along lines understood to be suggested by the Dawes reparation report. 1 J. P. Morgan and are known to be ready at short notice to undertake such commitments as are calculated to restore Europe to a normal basis. Bankers indicate that the loan’s success on the American market would be enhanced considerably by guarantees similar to those attached to the Austrian loan, although these may be omitted if the bonds are secured by mortgage on German railroads or industrial establishments administered under Allied control.
The aggregate amount of the loan is not expected to exceed 250 or 300 mil lion dollars, of which not more than 100 millions is likely to be arranged in the United States. Observers are convinced that both German and French approval is assured for the loans.”— (A. and N.Z.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WAG19240322.2.33
Bibliographic details
Wairarapa Age, 22 March 1924, Page 5
Word Count
181TO HELP GERMANY. Wairarapa Age, 22 March 1924, Page 5
Using This Item
National Media Ltd is the copyright owner for the Wairarapa Age. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of National Media Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in