As everyone had expected them to do, the Wiggin Committee, that sober assembly of international bankers meeting in Basle to consider Germany's credit needs, voted to extend all present foreign credits in Germany for six months but stipulated that Germany must release immediately 25% of the foreign cash balances in Reichsmarks held by government order in German banks, must release an additional 15% monthly. Then, just as the sober gentlemen were all packing up to go home, the full report burst on the world. Concluded the Wiggin Committee:
". . . The second condition relates to the external obligations...
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