Anglo-German Accord on Debt Problem

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Date: July 5, 1934
From: The Daily Telegraph(Issue 24685)
Publisher: Cengage Learning EMEA
Document Type: Article
Length: 860 words
Source Library: British Library

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ANGLO-GERMAN ACCORD ON DEBT PROBLEM

ANGLO-GERMAN ACCORD ON DEBT PROBLEM

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STERLING PURCHASE OFFER FOR DAWES & YOUNG COUPONS NO TRADE WAR: HOPE OF AN EXCHANGE AGREEMENT CHANCELLOR ON A "SATISFACTORY SOLUTION FOR BRITAIN"

In the House of Commons yesterday Mr. Chamberlain, Chancellor of the Exchequer, announced that an agreement on the German debt question had been signed betw een (ireat Britain and Germany. Main points in the agreement, which is for the six months July 1 to Dec. 31,1934, are:

STERLING PURCHASE OFFER FOR DAWES & YOUNG COUPONS NO TRADE WAR: HOPE OF AN EXCHANGE AGREEMENT CHANCELLOR ON A "SATISFACTORY SOLUTION FOR BRITAIN"

In the House of Commons yesterday Mr. Chamberlain, Chancellor of the Exchequer, announced that an agreement on the German debt question had been signed betw een (ireat Britain and Germany. Main points in the agreement, which is for the six months July 1 to Dec. 31,1934, are:

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1. Germany will buy at their full nominal value all coupons of the Dawes and Young Loans owned J>> British holders which mature during this period. 2. These purchases will be made «ith sterling funds which Germany will provide for the purpose at the Rank of England.

, 3. The British clearing house procedure authorised by Parliament to collect interest on the...

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Gale Document Number: GALE|IO0705079287