CONTENTS 
PAGE 
DIRECTOR'S PREFACE . rr AP ET vi 
PART 1 
GERMAN FOREIGN BORROWINGS SINCE 1924 
CHAPTER 1 
INTRODUCTION . o = . . i 3 
I. Public Policy and German Loans , al SE 3 
II. The Reparation Plan and German Loans ini» adi ES 
III. Limitations of the Analysis . . . . a a6 
CHAPTER II 
Loans PrivATELY PLACED rN Fe laa MO 
I. Short-Term Loans . . . : J ih. 9 
II. Long-Term Loans . AY = vi 
CHAPTER III 
Loans PuBricLy OFFERED. . re 20 
1. Number and Total Nominal Capital . . ie S20 
If. Share of the Various Creditor Countries Fh IY 
[1I. Types of Borrowers . . . . . . is eal 
IV. Amount of the Individual Loans . . 3 A SES 
PART II 
TERMS OF AMERICAN LOANS TO GERMANY, 
PUBLICLY OFFERED 
CHAPTER 1V 
ANALYSIS OF DOCUMENTARY SOURCES . + . « « + + + 65 
1.- The Agreement, o.oo tall JE Al ani en bon sl els” Ha 65 
II. ‘The Indenture RS sl ooo - ae a amily ian] 
ITI. The Listing Application © 7 i SPR ob a oielin  wiie, » 72 
IV. The Prospectus . . . EERE. .E I 
1x