'An appeal for an immediate moratorium on all "Germany's foreign debts, to extend over a period of several years, was made to-day by 'Dr. Hjalmar' Schacht, President of the Reichsbank and Minister of Economics, in a speech at the Leipzig Trade Fair.
Dr. Schacht said that, it the ser~ vice on foreign debts were postponed for some years, it could then be resumed at a more moderate rate of interest.
He warned Germany's creditors that, unless they ce-operated keeping prac eliminated Germany's transit trade—and lack of colonies.
Dr. Schacht declared that it was {becoming increasingly evident that the possession of colonies and a supply of raw materials lable for an industrial country Reuter.
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