GERMAN BOND ISSUE
DISAPPROVED BY U.S.A. (United Press Association—By Electric Telegraph—Copyright) WASHINGTON, January 12. The Uniti‘il Slates will not approve of the llolation on the American market of the huge bond issue hv Germany, and her former allies, who arconsidering the liquidation ol Germany’s war obligations. The State and Treasury Departments announced this, and at the same time, it is unofficially announced that Owen 1). Young has accepted an invitation to become one of the unofficial American experts on the Committee planning to undertake revision o'f tne Dawes plan. The announcement followed Mr Young’s conferences with President Coolidge and .Mr Kellogg today. The Treasury Department also announced that such bonds as those mentioned above will not he accepted in payment of French, British, Italian or Belgian war debts to the United States. It assumed that the decisions will he announced to Germany and the allies by Mr Young. American hankers are reported to he as unwilling as the Government to float German bonds in this country, in any such quality as would he involved hv the projected scheme for commercialising the German debt. i m «t-ww» wmmmmmmfmatmmMmr-
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Hokitika Guardian, 14 January 1929, Page 5
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187GERMAN BOND ISSUE Hokitika Guardian, 14 January 1929, Page 5
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