GERMANY’S DEBTS.
CONFERENCE OPENED.
BILLS & CREDITS IN DISPUTE. BERLIN, May 4. The main discussions of the debts conference begin on (Saturday, meanwhile a sub-committee has ascertained that the foreign commercial bills in the possession of the Reichsbank, maturing in three months, amount to £10,600,000, but the Reichsbank forbids the utilising of them as a covernote issue, contending that they are merely book values. The creditors, however, maintain that they are a positive value available to the Reichsbank and they are of a similar opinion regarding gold discount. The bank have foreign bills amounting to £2,500,000, maturing in six months, and the discount bank has also a gold reserve of £2,500,000. The situation must 'be cleared up 'before any progress is possible.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WAG19340507.2.52
Bibliographic details
Wairarapa Age, 7 May 1934, Page 5
Word Count
121GERMANY’S DEBTS. Wairarapa Age, 7 May 1934, 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