GERMANY: German Colonies

Dr. Hjelmar Schacht, President of the Reichsbank, a leading German financial authority, has a plan for the return to Germany of the ex-German colonies.* He advocates an "international chartered company (like the East India Company) for joint development of Germany's former colonies by Germany, the Allies and the United States."

Said he: "I regard this plan as complimentary to the Dawes reparation plan. The latter is based on the principle that Germany can pay reparations only in so far as the world is willing and able...

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