Well-informed quarters explain the appointment of Dr. Funk as due to reasons of organization and op-"ortuneness, and deny that any personal misunderstanding has cropped xo between the Fuehrer and Dr.
Schacht. These circles are confident that the negotiations between Dr. Schacht and Mr. William Rublee, Director of the International Refuree Committee, have nothing to do with the appointment, and that the talks will be continued as Dr. Schacht is still a Minister The change in the G2vernorship of the Reichsbank took Mr. Rublee's committee completely by surprise. Mr. Rublee is studying the new nation to determine if it is posble to continue the negotiations with Dr. Schacht.—Havas.
Text read from the printed page and cleaned; old type leaves the occasional error.