LOAN TO GERMANY.
CREDIT FROM ARGENTINE. BK3 PRODUCE IMPORTS. THE ALLIES OBJECT. By Telegraph.—Press Assn.—Copyright. Received May 11, 11.55 p.m. New York, May 11. The Chicago Tribune’s Buenos Aires correspondent states Germany has accepted a five years Argentine credit of 150 million pesos, of which fifty million i will be expended in the purchase of Argentine meat, wool and hides and a hundred million in cereals, the bulk of i which will be shipped to Russia for the [purpose of obtaining materials essential for German industry. I It is understood the Allies objected to the Russian feature of the loan during the Genoa negotiations on the ground that it would prove a powerful factor in rendering efficient a Russo-German alliance. Further it was proposed that Germany should make a forty million peso shipment of goods to th* e Argentine, but the Allies object to this arrangement on the ground that it would retard the reparations payments. The Argentine objected to interference on the ground that the loan would rehabilitate the Argentine Agriculture, which was suffering owing to inability to find a market.—Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 12 May 1922, Page 5
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184LOAN TO GERMANY. Taranaki Daily News, 12 May 1922, Page 5
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