Germany Received More in Loans Than Paid Allies in War Debts
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Germany Received More in Loans Than Paid Allies in War Debts

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In what was regarded as an answer to Reich Air Minister Goering’s statement that the Allies bled Germany of her gold after the war, Lt.-Col. D. J. Colville, Financial Secretary of the Treasury, made public figures in Commons today showing Germany had actually received more in loans than she paid in war debts.

Germany has paid reparations to the former Allies to a total of 7,691,000,000 gold marks (approximately $3,076,400,000), the Havas News Agency quoted the Financial Secretary. He furnished figures from the Bank of International Settlements to show that loans granted to Germany between 1924 and 1930 totalled 18,200,000,000 reichsmarks.

Loan totals for the period 1930 to 1934 were not complete, Colville stated, but he estimated them as maintaining above the average six year period.

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