Dr. Schacht Virtual Financial Dictator
REICHSEANK ACT AMENDMENTS ABOLISHED United Press. Association—By Electric Telegraph—Copyright. Received Tuesday, 8.50 p.m. BERLIN, Oct. 9. The Bank for International Settlement at Basic having agreed to waive its right under the Young Plan, the amendments to the Iteiehsbank Act for the general council of the Roichsbanlt has now been abolished, leaving Dr. Schacht virtually a financial dictator. The way is clear for him to raiso the general level of prices of fixed interest securities, tho ultimate object of which is loan conversion at a lower rate of interest.
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https://paperspast.natlib.govt.nz/newspapers/MT19331011.2.37
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Manawatu Times, Volume LIV, Issue 7284, 11 October 1933, Page 6
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93Dr. Schacht Virtual Financial Dictator Manawatu Times, Volume LIV, Issue 7284, 11 October 1933, Page 6
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