RUSSIA CANNOT PAY
INTEREST GERMANY ON VERGE OF BANKRUPTCY
By Cable.—Press Association. — Copyright. Reed. 11.15 a.m. LONDON, Sat. The Berlin correspondent of the “Daily News” says that it is semi-officially announced that Russia is unable to pay Germany interest on loans raised in recent years.
The banking house of Mendelssohns is taking a lead in establishing the German claims, in view of the coming negotiations regarding the RussoGerman trade treaty. Russia’s financial position is thus established as on the verge of bankruptcy. The “Daily News” comments that the Soviet promptly honoured her British trade obligations, and there was nothing to indicate that Russia was nearer bankruptcy than previously, although the Soviet obviously requires new capital, of which an internal loan and attempts to sell bonds abroad at a high rate of interest is evidence. —A. and N.Z.
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Bibliographic details
Sun (Auckland), Volume I, Issue 265, 30 January 1928, Page 9
Word Count
137RUSSIA CANNOT PAY Sun (Auckland), Volume I, Issue 265, 30 January 1928, Page 9
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