Berlin, May 15, The Reich "Standstill Agreement" of 1932—under which Germany is protected against any substantial withdrawals of credits, although she has to pay and transfer the interest on them—has been prolonged for another period of one year, according to an official announcement.
Negotiatior have ended with gratifying progress, the announcement adds, and foreign creditors regard the agreement as one of the most constructive of recent years.
The main feature of the agreement is a provision whereby, with. the acquiescence of the Reichsbank, new credits of a purely commercial basis may be taken up without affecting the "Standstill" arrangement.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.