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that the atmosphere created by press accusations of 
German activities in Morocco had disgusted Schacht. 
This subject was discussed at length by Schacht and 
Norman. According to Heschler, Schacht told him 
(Heschler) that the whole press story was a pure 
fabrication, that Germany had sold certain supplies to 
France and the latter could not pay in cash; consequently
there was some activity in France shipping to
Germany in a barter for such supplies, ores, and other              
materials which could be obtained in Spanish Morocco.
The affair was no more than that. Niemeyer remarked,
in discussing the article of Schacht's in Foreign Affairs,
that the two raw materials which are needed most by Germany, 
rubber and wool, are not commercially available in the 
colonies which Schacht is seeking.
 
 
February 8 has been set as the date for the next
meeting of the B.I.S.