INTEREST ON LOANS.
SUGGESTION IN GERMANY. REDUCTION~OF RATE. BERLIN, bee. 22. “Germany is consuming her -«capital and continually getting poorer,” said Dr. Hugenberg in propounding a new scheme for a reduction of interest on foreign and private debts from 5 to 1J per cent. He suggested that negotiations upon it should begin at the expiration of the standstill agreement in February, when the fate of £300,000,000 short-term credits would be involved. “Creditors must choose between getting their capital back and receiving interest,” he said. “If mutual agreement is impossible, Germany might be forced to act alone. In addition to a reduction of interest, amortisation payments should not exceed the value of our export surplus. AA 7 e could dump goods, but we want to avoid that in the interests of our creditors and ourselves.”
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Manawatu Standard, Volume LIII, Issue 23, 23 December 1932, Page 7
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134INTEREST ON LOANS. Manawatu Standard, Volume LIII, Issue 23, 23 December 1932, Page 7
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