The Viceroy has agreed to the re: quest to meet the political leaderd Gandhi, Motilal Nebra, V. K. Patel, M.A. Jinnah, and Sir Tei Sapra la the Viceregal Lodge on December #4:
Friction Revived Between Bank: er and Finance Minister Berlin, Dee, 19, The friction between Herr Schacht, the President of the Refehsbank, and" Dr. Hilferding, the Finance Minister, has been renewed in connection with: the Government's efforts to negotints loan with American bankers for 100,000,000 to replenish an empty, exchequer in order to meet the year end obligations, 1
A fortnight ago Herr Schacht issued a long memorandum accusing the Government of doing nothing to re-organize Germany's finances, Today he refused his consent to the proposed loan unless a new Finance Minister were appointed to handle the national finances more energetic ally and in conformity with the Reichsbank's policy.
For a time it appeared likely that Dr. Hilferding would resign favour: of someone approved by Herr Schacht, but later information seems to suggest that he has saved hhis position at any rate for the moment.
The Government has now agreed with Herr Schacht to drop the loan negotiations with the American bankers, Dillon Read & Ca, and to obtain the necessary 450,000,000 marks from German banks.
The Government parties have brought an urgent Bill into the Reichstag, guaranteeing the amount required by taxation and economies in expenditure, The Government's financial diftculties are thus ended at least tome porarily and the general opinion now is that Dr. Milferding will remain Finance Minister until after the Hague Conference and will then
Text read from the printed page and cleaned; old type leaves the occasional error.