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SOVIET’S OVERDRAFT GERMAN DENIAL REFUTED By Cable. —Press Association.—Copyright LONDON, Tuesday. The diplomatic correspondent of the “Daily Telegraph” says that in spite of emphatic denials from Berlin of the statement that German banks had granted large credits to the Soviet for the purpose of financing the purchase of German goods, fresh admissions made in the course of hurried explantaions revealed that large overdrafts had already been allowed beyond the sum of £15,000,000 agreed to in 1926.
It is feared that the description of them as “overdrafts on old credits” is a poor effort to conceal the fact that they are new credits. —A. and N.Z.
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Sun (Auckland), Volume 1, Issue 30, 28 April 1927, Page 1
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106CAMOUFLAGED Sun (Auckland), Volume 1, Issue 30, 28 April 1927, Page 1
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