The Archive · 1925

German Credit for the Soviet

100,000,000 Marks to be Spent in Lender's Country Moscow, Oct. 6.

Comrade Sokolnikov, Commist of Finance, has announced that the State Bank has coneluued an agreement with a group of the largest German banks according to which the latter. would grant the State Bank a credit of 75,000,000 German marks which, combined with a trade credit, would enable Russia to purchase in Germany woods on credit to the value of 100,000,000 gold marks. A term of "several months" hay been suggested for the credit.

Comrade Sokolnikoy states that this credit is the first of a series of large credit agreements projected by the State Bank—Reuter.

Berlin, Oct. 6.

Comrade Chicherin is still here.

Me has visited Marshal von Hinde: burg, this being the first time has been in the presidential idence.

Text read from the printed page and cleaned; old type leaves the occasional error.

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