German Default on Debts Accredited to Army Costs

in the United States would require a very much smaller number of marks than would be needed with the mark quoted at par?

“3. How can one accept unqualifiedly Germany’s plea of poverty, when according to Germany’s official statistics, from twenty-five to forty percent of Germany’s long-term dollar debt has been repatriated through British, Dutch and Swiss intermediaries, a process which has reduced very substantially Germany’s requirements on her foreign commitments?”