REPARATIONS
CERMAN PROBLEM. PRESENT CRISIS ABNORMAL (British Official Wireiess.) RUGBY.. Dec. 14.
The Consultation Committee of the Young Plan, at Basle, considered the ■conomie and financial situation in Germany in her relations with other countries. A statement regarding the repercussions of reparations payments, causing intensification of German export, was submitted by Colin Stewart (United States). He observed that the present, crisis was as abnormal as the period of prosperity and depression, normal point would be reached.
The Committee last week completed the first stage of its work by the collection of material making a general picture of Germany’s economic situation, It examined, in succession, her position as debtor n.nd creditor, regarding long and short term investments. and inquired into the balance of trade, capital movements, budgetary position, and the situation of the Reichsbnnk, and the incidence of these matters on the economic life of Germany.
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Hokitika Guardian, 16 December 1931, Page 5
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145REPARATIONS Hokitika Guardian, 16 December 1931, Page 5
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