REPARATION PAYMENTS
Tha Wiggin Committee which investigated Germany's finances recently reported that her reparation payments in the past seven years had been, as follows:—
Under the terms of the Young Plan, which superseded the Dawes Plan in 1930, Germany for the next few years is to pay an average of about £99,000,000 per annum, in reparations. At the same time she owes about £843,000,000 in private debts to foreign bankers and individual investors and her foreign interest payments in 1929 and 1930 were about £40,000,000 a year. The "standstill" agreement which resulted in the freezing of German short-term credits, endg in February and the present negotiations are designed to reach some understanding before the expiry of that period of grace. The Young Plan non-postponable annuities were fixed at 660,000,000, the total' annuities at 1,988,800,000 gold marks. The total of Germany's unconditional annuities is thus £33,000,000. France receives £.53,000,000 and Britain £20,000,000, including both conditional and unconditional annuities. France's unconditional annuities are about £25,000,000 and Britain's about £3,000,000.
1924 1925 1926 1927 192S 1929 1930 ............ 14,000,000 ............. 49,000,000 60,000,000 79,000,000 .............. 99,000,000 ............ 124,000,000 85,000,000
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Bibliographic details
Evening Post, Volume CXII, Issue 157, 31 December 1931, Page 7
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181REPARATION PAYMENTS Evening Post, Volume CXII, Issue 157, 31 December 1931, Page 7
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