REPARATIONS BURDEN
GERMANY MUST BORROW HUGE SUMS FOR ALLIES (Australian and N.Z. Press Association) BERLIN, Saturday. Dr. Scliacht, president of the Reichsbank, who has been representing Germany on the Committee of Experts on Reparation in Paris, has arrived in Berlin to report progress. A semi-official statement has been issued denying that Dr. Schacht offered an annuity of £87,500,000. It adds that the rumours are false and were circulated for the purpose of accustoming the world to the idea that Germany could pay such monstrous sums for two or three generations. “The Allies pay America what they receive from Germany,” says the statement. “Thus they suffer no loss to their economic substance. Germany, on the contrary, must borrow because she cannot raise the instalments demanded from her current resources.”
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19290325.2.90
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Sun (Auckland), Volume III, Issue 621, 25 March 1929, Page 9
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128REPARATIONS BURDEN Sun (Auckland), Volume III, Issue 621, 25 March 1929, Page 9
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