FINANCE SCHEME KILLED
PREMATURE DISCLOSURES [ Australian Press Assn. ] LONDON, Sept. 30. The Times Berlin correspondent states that premature disclosure by the Berlin Press, owing to what is described as an indiscretion, probably killed the scheme under which the Finance Alinister hoped to strengthen Germany’s credit by accepting the Swedish match king’s, Ivan Kreuger, offer of a loan of £30,000,000 at low interest in return for a match monopoly. It is reported that the terms of the negotiations include an embargo on foreign matches aimed against the Soviet, which is capturing the market despite the high duties, and the right of the Swedish trust to regulate the prices. Kreuger has secured monopolies in the bulk of Europe by offering aid in times of financial stringency. The disclosure has provoked an outcry against foreign control right throughout Germany.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19291002.2.51
Bibliographic details
Wanganui Chronicle, Volume 72, Issue 234, 2 October 1929, Page 9
Word Count
136FINANCE SCHEME KILLED Wanganui Chronicle, Volume 72, Issue 234, 2 October 1929, Page 9
Using This Item
NZME is the copyright owner for the Wanganui Chronicle. 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 NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.