FLOOD OF PAPER MARKS
AN AMAZING POSITION. END NOT YET APPARENT. FORTY PRESSES AT WORK. (By Cable.—Press Association.—Copyright.) (Received 2.30 p.m.) BERLIN, July 23. A truly amazing position has been reached in Germany in regard to the issue of marks. The number actually manufactured is hardly known from day Jto day. The printing plant at the jßeichsbank alone manufactures fourteen million separate notes daily, varyling from one thousand to the half-mil-I lion denomination. The lowest note I printed is one thousand marks, valued at a farthing. Simultaneously there are forty private printing works under contract, pouring forth paper. These are working three shifts, bo the flood never ceases for a minute. Paradoxically the less the mark purehaeee the more purchasing ie done. Though the end is inevitable it is not yet dimly apparent. Railway fares have been quintrupled, without affecting i travel. Lest week drivers had to multiply the taximeter by 15,000. Now it is multiplied by 25,000."—(A. and N.Z.)
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Bibliographic details
Auckland Star, Volume LIV, Issue 174, 24 July 1923, Page 5
Word Count
160FLOOD OF PAPER MARKS Auckland Star, Volume LIV, Issue 174, 24 July 1923, Page 5
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