REPARATIONS: Committees at Work

No. 1 Committee, under the chairmanship of General Charles G. Dawes, which is examining German finances with a view to stabilizing the exchange and rehabilitating the budget, experienced its first week of work.

The first thing decided was to invite Herr Hjalmar Schacht, President of the Reischbank, to confer on the problem of stabilizing the German currency. The invitation was despatched, accepted and, finally, Herr Schacht himself arrived in Paris.

In giving evidence before the Committee, Dr. Schacht, who was accompanied by several experts and advisers, was stated to have proved a...

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