Germany “Must Pay at Once”: Debt Demand by British Interests: … … In Berlin: There is no doubt, however, that Sir Frederick (Leith Ross) was much impressed by the force of the arguments put forward by both Bradford and Manchester, and it Is believed that they will play an important part in the trade talks. Sir Frederick will begin his negotiations on Wednesday, and it is expected that he will remain In Berlin for a week or 10 days. Mr. H. G. S. Pinsent, financial adviser to the British Embassy in Berlin will also take part in the discussions. It is estimated that German merchants owe British exporters nearly £2,000,000 these debts being outstanding because of the foreign-currency restrictions imposed by the German Government. Even the exchange agreement designed to facilitate transfers has worked unsatisfactorily. Further difficulties have been added by Dr. Schacht’s announcement that after next Monday all German imports will come under restrictive management in 25 control offices. Effect of Control … …
Transcribed in whole or part from scanned originals: Presented with or without modified text and punctuation. For absolute accuracy refer to the original newspapers. Source: The British Newspaper Archive.
Referenced
GRO0365 Devonport: Gerald Hume Saverie Pinsent: 1888 – 1976