15 MARCH 1930, Page 2

The Young Plan, the Reichstag and the Reichsbank On Wednesday

the Young Plan and the Associated Finance Bills received their final reading in the Reichstag. The election of Dr. Luther to the Presidency of the Reichsbank in place of Dr. Schacht, who resigned last week because of his objections to the Young Plan, is likely to make for smoother working, though the imme- diate result is some confusion among the Parties. Dr. Luther's financial ability was proved in 1923, when he assisted Dr. Schacht in stabilizing the mark, and his political abilities are much superior to those of his predecessor.

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