How long have you known Herr Von Neurath, Dr. Schacht?

SCHACHT: I cannot state the exact year, but at any rate for a very long time; for many, many years.

DR. VON LÜDINGHAUSEN: For some time, for about 4 years, you were both colleagues as ministers in the government. During that time, did you have any contact with him other than in purely official capacity?

SCHACHT: Unfortunately not enough, but of course I saw him from time to time. I would have liked to have seen him more often.

DR. VON LÜDINGHAUSEN: But from conversations with him, or from what you heard about him, you certainly formed an opinion about his political views.

SCHACHT: I was well acquainted with his views.

DR. VON LÜDINGHAUSEN: And what was the trend of his political thought?

SCHACHT: I had the impression that basically Von Neurath believed in a conservative policy, but was open to conviction where progressive measures were concerned. He was above all in favor of peaceful international co-operation.

DR. VON LÜDINGHAUSEN: Do you consider it possible, or do you have any reason to believe, that under certain circumstances he would also resort to belligerent methods or that he would even consider them, if the peaceful understanding which he desired was quite impossible?

SCHACHT: According to my understanding of Neurath, I think that he was entirely averse to any aggressive policy.