BUYING BONDS
VIEW TO CANCELLATION GERMAN POLICY DENOUNCED Received Dec. 20, 5.5 p.m. LONDON, Dec. 19. Foreign bond dealers have strongly protested to the Committee of the Stock Exchange against Germany’s default, severely criticising the German policy of using funds which should go to pay interest, to buy German bonds at knock-out prices in London with a view to cancellation. FOREIGN TARIFFS WHY GERMANY CANNOT PAY. EXPORT TRADE STAGNANT. Received Dec. 20, 11.5 p.m. BERLIN, Dec. 10 The Economic Minister, Mr. Schmitt, addressing the new Foreign Trade Council, said that tho number of workers in the export industries had fallen from 2,600,000 to 1,750,000 in three years, and foreign trade from £1,350,000,000 to £500,000,000, which was stagnation contrasted with the increased activity and other nations’ prosperity Germany was prepared for 'the closes 4 , economic relations with other nations who were willing io aban lon their short-sighted exclusive tariffs, because she could only pay if these were her customers. The council, therefore, was considering important tariff taxation proposals.
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Bibliographic details
Wanganui Chronicle, Volume 76, Issue 301, 21 December 1933, Page 7
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167BUYING BONDS Wanganui Chronicle, Volume 76, Issue 301, 21 December 1933, Page 7
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