GERMAN FINANCES
REPORTS OF INDEBTEDNESS EXAGGERATED.
ACCORDING TO DR. SCHACHT.
By Telegraph—Press Association—Copyright. BERLIN, November 30.
The President of the Reichsbank, Dr. Schacht, told economists today that reports of German indebtedness were exaggerated. Marks circulating in 1929 totalled 2,980,000,000, compared with 7,930,000,000 in the first ten months of 1938.
The trade balance in 1934 showed a deficit of 284,000,000 marks, which had been converted in 1937 to a surplus of 443,000,000 marks.
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Wairarapa Times-Age, 1 December 1938, Page 7
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72GERMAN FINANCES Wairarapa Times-Age, 1 December 1938, Page 7
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