26 OCTOBER 1929, Page 48

GERMANY'S LATEST LOAN.

Not the least interesting development of the past week has been the announcement of the manner in -which Germany has obtained her latest loan. Having regard to the extent of German Reparation payments and the difficulty which all countries have experienced in recent months of raising external loans, there has been some speculation ae to how Germany was getting on in this respect. It now appears that in return for certain match monopoly rights, the German Government is receiving from Kreuger and Toll a loan of about 125,000,000 dollars in 6 per cent. form to be taken over at the price of 93 per cent., but with certain rights of conversion at par ten years later. The Loan has to obtain the ratification