WAR REPARATIONS.
HAGUE CONFERENCE. GERMANY YIELDS A POINT. MINOR CONCESSIONS GIVEN. Untted Press Assn.—Eler. T»L—'’opvrlghi. (Received January 14, 11.45 a.m.) THE HAGUE, January 13. Germany has yielded to the experts’ request that payments be made on the 15th of the month, in return for which she obtained minor ■concessions relating to assigned revenues. A Franco-German agreement has been reached, toy which in the event of any German wilful default . or oomplete denunciation of the Young Plan, Fran-ce has the right to utilise the sanctions granted toy any existin' - treaties.
INTERNATIONAL BANK. ATTITUDE OF REICHSBANK. j I ABSTENTION FROM CO-OPERATION. United Press Assn.— Elec. Tel.—Copyright. (Received Jan. 14, 1.45 p.m.) THE HAGUE, Jan. 13. Herr Schacht surprised the conference by sending a letter icserving his decision regarding the Reichsbank’s co-operation in the Bank of International Settlement. This is interpreted as refusing co-opcration. The “ Big Six ” are now discussing the German delegates’ alternative proposal that another group of German banks should deposit £5,000,000 free of interest in the Bank of International Settlement.
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Bibliographic details
Waikato Times, Volume 107, Issue 17918, 14 January 1930, Page 7
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170WAR REPARATIONS. Waikato Times, Volume 107, Issue 17918, 14 January 1930, Page 7
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