Berlin, June 16, Speaking at Bremen today on the principles' of Germany's foreign trade policy and the problems of international indebtedness, Dr, Walther Funk, Minister of Economics, de lared that such' political indebledness, in the form of the Dawes and Young loans, had brought Germany to the verge' of destruction.
The prestige of National Socialist Germany, he asserted could no longer (derate "the present unjustifably high rates of interest, and an early agreement must. be reached assuring of their reduction to a more normal Germany, Dr. Funk declared, would most every commercial debt honestly, but regarded the system of political debis incompatible with the Nazi economic system, He described the Austrian loan as example of a political loan. In the Tight of international practice, he sold, Germany could not be expected fo assume responsibility for Austrian slate debis—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.