GERMAN SCHEME.
ARGENTINE FOR LOAN. ALLIES INTERVENE. NEW (YORK, May 11. The “Chicago Tribune’s” Buenos Aires correspondent states that Germany accepted a five-year Argentine credit of 150,000,000 pesos, of which 50,000,000 iwill be expended in the purI chase of Argentine meat, wool, and I iiides, and 100,000,000 on cereals, the bulk of which will be shipped to Russia for the purpose of obtaining materials essential to German industry. It is understood that the Allies objected to the Russian feature of the loan during the Genoa negotiations, on the ground that it would prove a powerful factor, rendering efficient a RussoGerman alliance. Further, it was proposed that Germany make a 40,000,000 peso shipment of goods to the Argentine.
The Allies objected to this arrangement on the ground that it would retard reparations payments.
The Argentine objected to interference, on the ground that a loan would rehabilitate Argentine agriculture, which was suffering awing to inability to find a market.
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Bibliographic details
Waimate Daily Advertiser, Volume XXIII, 12 May 1922, Page 3
Word Count
157GERMAN SCHEME. Waimate Daily Advertiser, Volume XXIII, 12 May 1922, Page 3
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