AT BASLE
GERMAN ASSETS SMALLER
(British Official Wireless.)
'RUGBY, December 17
The Drafting Sub-Committee, consisting of Signor Beneduce (Italy), ■Sir Walter Layton (Britain), Professor 'Rist (France) and Doctor M.elchier (Germany), have now begun work on the report of the Young Plan Advisory Committee, which has been engaged at Basle in an examination of Germany’s financial capacity. The iCommittee yesterday heard a statement from Doctor Iloniborger on the financial position of the German •Railways, which, under the Young Plan, contribute thirty-three million pounds annually, which is equivalent to the amount of the unconditional annuity, to the Reparation payments. Exhaustive evidence is now being talfcn on every aspect of German finance. and this* has gone to show that a.’l three of the principal sources of money that were earmarked to provide Reparation payments have suffer'd a substantial diminution. Meanwhile other Committees are examining the Railways accounts aiul points of detail concerning the German Budget. v ' _____
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Hokitika Guardian, 18 December 1931, Page 5
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153AT BASLE Hokitika Guardian, 18 December 1931, Page 5
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