"I believe," Dr. Schacht continued, "that our foreign critics would be astonished if they knew how little there is to object to in the way the Reich has employed is finances in view of what has thereby been achieved.
The Reichsbank has always been aware that the methods of finance employed up till now could not continue indefinite Hence expansion of credit, limited both in time and extent, could not be jeopardized.
"Consolidation of the econom affairs of Germany now permits the Reich in making use of the: credit for orders placed by the state abandon the method of an inter-me diary finance by special bills and to raise funds, as far as they are not obtainable from the regular budget directly from the credit market by the issue of Reichs treasury bills and Reichs loans.
"Reichs treasury bills will not be issued beyond an amount that can be consolidated at maturity. The capacity of the money and capital market must continue to be kept primarily for the current requirements of the Reich."—Trans-Ocean.
Text read from the printed page and cleaned; old type leaves the occasional error.