FUTURE OF GERMANY
BRIGHT PROSPECTS. Berlin, Oct. 28. Varying estimates of Germany’s foreign debts in the shape of short and long time loans, range between 7,500,000,000 marks (about 1,800,000000 dollars), and ten billion marks (about 2,400,000,000 dollars), on the basis of figures submitted to the Reichstag budget committee. Dr. Curtis, minister of economy, places the total debts at the smaller figures, of which 3.600.000,000 marks are in short time loans. The interest service on this is estimated by the minister at approximately 500,000,000 marks annually. Dr. Sjalmar Schacht, president of the Reichstag, who also was in conference with the committee, believes that Germany’s total indebtedness ap proximates about ten billion marks. The government’s frankness in discussing the nation’s economic status since S. Parker Gilbert, agent-genera] for reaprations. turned the searchlight on the Reich’s financial situation in his recent‘memorandum, continues to reflect a feeling of optimism for the immediate future. Dr. Curtins reiterated the hopeful view of the situation which was taken by Minister of Finance Koehler in the budget discussion.
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Hawke's Bay Tribune, Volume XVII, 26 November 1927, Page 13
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170FUTURE OF GERMANY Hawke's Bay Tribune, Volume XVII, 26 November 1927, Page 13
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