Failing in his efforts to secure a ade agreement with Britain and a settlement of the Jewish refugee prolem during his three-day visit here, Dr, Hjalmar Schacht, President of the Reichsbank and former German Finance Minister, was expected to return to Berlin today.
During his brief stay in London, br Schacht held several important conference with such financial powers as Mr. Montagu Norman, Governor of the Bank of England; Sir John Simon, Chancellor of the ' Exchequer; Sir Frederick Leith-Ross, Chief Eeonomle George Rublee, Director of the Inter Governmental Refugees Office here.
'When he saw Dr. Schacht yesterday, Mr. Stanley is understood' to have explained "the significance of his. speech when he declared that Britain was ready {0 enter parleys aiming at trade agreement with the Reich German Conditions stated Dr. Schacht then suggested, well-informed quarters added, that Anglo-German negotiations aim rather at a settlement of the short-term credits problem first. Then a general agreement could be reached. He failed to obtain the support of the British lers for the proposal, Dealing with Jewish emigration from Germany, Dr. Schacht told Lord Winterton and'Mr, Rubleo this after-ion that the Reich was ready to enter bilateral negotiations with each the 32 nations who were represent ed at the recent Evian Conference.
The basis for such negotiations would have to be; that each of the countries receiving emigrants would agree to increase imports of German cods in. proportion to the property that Jewish refugees would be allow-take out of Germany with them.
Upon receiving full details of the Reich's proposition, it is understood that the British authorities and the Refugee Office officials deemed the Scheme inacceptable and instead de-ided to forward counter-proposals to Berlin, "These, Dr. Schacht is now aking' to Germany.
Text read from the printed page and cleaned; old type leaves the occasional error.