A FINANCIAL PROBLEM
INTERNATIONAL TRANSFERS AMERICAN EXPERT’S VIEWS Received May 16, 10.4 p.m. NEW YORK, May 16. A report from Chicago states that Mr Ivor Kreuger, head of the Swedish Match Trust, addressing the Industrial Club, said that the difficulties in solving the international transfer problem were at present greatly exaggerated. Stressing that it was hopeless to pay international debts by gold he said: “As I understand it, the solution should involve the creation in the main creditor countries of a sufficiently broad and reliable market for international securities. To make this possible, any country with sound finances should be able to depend on getting a deficit in the yearly balance of payments transferred into long term Joans at a reasonable rate of interest,”
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Bibliographic details
Wanganui Chronicle, Volume 73, Issue 115, 17 May 1930, Page 9
Word Count
124A FINANCIAL PROBLEM Wanganui Chronicle, Volume 73, Issue 115, 17 May 1930, Page 9
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