CREDIT IN GERMANY.
BANKS’ STEPS FOR IMPROVEMENT. Received December 27, 11.45 a.m. BERLIN, Dec. 26. The banks are forming two organisations to fight the economic depression, firstly, financing an institute company partially resembling the American Reconstruction Finance Corporation, aiming at the promotion of industrial credit, with a capital of thirty million marks in order to take over the securities of rationalised industrial concerns; and secondly, a sinking fund for industrial credits, enabling the gradual amortisation of industrial firms’ and backs’ debts where linked with rationalisation. The Government is backing the sinking fund to the extent of thirty million marks from gold. The discount banks guarantee the fund.
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https://paperspast.natlib.govt.nz/newspapers/MS19321227.2.101
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Manawatu Standard, Volume LIII, Issue 25, 27 December 1932, Page 8
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107CREDIT IN GERMANY. Manawatu Standard, Volume LIII, Issue 25, 27 December 1932, Page 8
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