Word: bankes
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Dates: during 1920-1929
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This was the comment of Georges Frederic Doriot, professor of Industrial Management in the Graduate School of Business Administration when questioned concerning the new international bank to be located at Basel, Switzerland...
...establishment of the bank was the only way of linking the nations of Europe, and of transforming the problem of two nations facing each other into an international...
...international bank makes the problem of reparations a really international one; the only criticism in my mind is, that the location of the bank in Germany instead of in a neutral country would have advanced its aims before actual operations were commenced...
...bank for international settlements was made an integral part of the Young Plan for the payment of German Reparations," he continued. "From October 4 until November 14 a group of internationally known bankers has been engaged at Baden-Baden, Germany. In drawing up the statutes and the charter of the new institution. Details as to the statutes and the charter have been made public recently but the trust agreement, which provides how the new bank shall take over reparations work, cannot be completed until the Second Hagne Conference between the Powers...
...bank will be located at Basel, Switzerland; Switzerland having agreed to grant a charter which will not be repealed, amended or supplemented except in agreement with the organizing powers...