Banker Albert Henry Wiggin last week made an announcement the world has been expecting for a month: the "Stillstand Agreement" concluded in Basle last August, by which repayment of $1,500,000,000 of German private short-term loans was frozen for six months, will be prolonged for another year. Points: ¶ The agreement will expire automatically should Germany declare a moratorium.
¶ An oblique slap at Reparations was taken in the agreement by the statement: "Strengthening of the German situation makes it necessary that German resources should not be dissipated to meet other claims...
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