GERMANY’S DEBTS.
WIDE FIELD COVERED. request not unexpected. TWO IMPORTANT LESSONS. 4, United Press Assn. —Elec. Tel. Copyright. LONDON, May 15. The Relchsbanlc’s intimation to the Bank of England covers a wide field, notably the “standstill” agreements, which, although they have been materially reduced In the last 18 months, are showing a discount In sterling believed to be between £30,00,000 and £25,000,000. The City editor of the Times says the development was not unexpected in view of the recent decline in the German export surplus iand virtual cessation of foreign lending by the creditor countries. Two important lessons are drawn from this. The first is that Germany should pursue a policy calculated to create, not to destroy, confidence and so enable international trade and finance to be resumed; The second Is that stabilisation of currencies In terms of a common international monetary standard becomes dally more urgent.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WT19330518.2.54
Bibliographic details
Waikato Times, Volume 113, Issue 18948, 18 May 1933, Page 7
Word Count
147GERMANY’S DEBTS. Waikato Times, Volume 113, Issue 18948, 18 May 1933, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Waikato Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.