GERMANY REFUSES DATA
FINANCIAL AFFAIRS BOND FLOTATION IN. U.S. (Reed. Aug. 4, 9 a.m.) WASHINGTON, Aug. 3. Germany’s refusal to supply certain facts regarding her financial affairs ■has led the United States Government to order a public hearing on August 15 to decide if the Reich may float a £14.000,000 bond issue in the United States. The bonds were -in lieu of interest on 'approximately £40,000,000 worth of debts owed to American interests, a substantial part of which is in default. One of the important items of information refused was to what extent the German Government intends to buy up these bonds when their market quotation is low. The Securities Exchange Commission .issued a statement declaring that it feels it must protect the public interest under the law. The German Embassy, in a statement, said the demands for information were such that “no sovereign Government” could submit to them.
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Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20007, 4 August 1939, Page 7
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149GERMANY REFUSES DATA Gisborne Herald, Volume LXVI, Issue 20007, 4 August 1939, Page 7
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