MR. JUSTICE JACKSON: If you think it needs explaining...
SCHACHT: I would think so; but I leave that to the Tribunal. If I may speak: It concerns a rivalry between two large banks. Both these large banks approached me—as a former banker and President of the Reichsbank—to decide the matter, and I did. I really do not see what that has to do with the official participation in the Belgian administration.
MR. JUSTICE JACKSON: And the purpose of your intervention was to avoid misunderstanding in the occupied countries between the banking interests of the occupied countries and the German banks, was it not?
SCHACHT: Certainly, they were to work together peacefully.
MR. JUSTICE JACKSON: Yes. Although you have said to the Tribunal that you were entirely opposed to the Germans being in there at all?
SCHACHT: Of course. But now that they were there I tried to keep peace.
MR. JUSTICE JACKSON: You also were approached by Krupp von Bohlen about raising a fund known as the “Hitler spending fund,” were you not?
SCHACHT: No.
MR. JUSTICE JACKSON: You never were?
SCHACHT: Never.