Berlin, Sept. 19.
An immediate reduction in the German rate of discount is expected following a decision in the Bank of International Settlement. at Basle to rescind Article 29 of the Reichsbank Law, thus giving the Reichs-Dank a free hand with regard to, rate of discount.—Reuter, Berlin, Sept. 17.
The German banks are making a @etermined effort to deal with the blem of "frozen credits", which 38 the greatest hindrance to \the revival of trade.
Several of th Jeading banks have osided "to. establish an, "institute for financing industry" with a "capital of M. 30,000,000 so as to re-Jieve banks of the burden of "frozen In forming the new organisation, the parties in question are following the example of the United States, Which established the now-famous Reconstruction Finance Corporation to extend credits and in other ways
Text read from the printed page and cleaned; old type leaves the occasional error.