HOPES OF STABILITY.
I GOLD AS A LURE. BERLIN. August 3. Herr Havenstein. president of the Reichsbank, outlined important steps toward stabilising the mark, involving a I new discount policy and the introduction j of gold accounts at the Reichsbank. which j will be proof against depreciation and available only for sums paid in stable I foreign currencies. j Subscription to the gold loan open* | on August IS. The public can subscribe I with the gold mark eouivalent of 1. 2, 5, i 10, 25, 50, 100, 500, or 1000 dollars, i Bonds from 10 dollars up hear interest i at the rate nf 0 per cent. On the smaller denominations there will be no annual interest, but they will be redeemable in 12 years at 50 per cent premium, resembling British saving certificates. | The Government expects that the smaller j denominations will become a new type i of stable currency.—(A. and N.Z. Cable.) |
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19230804.2.57.1
Bibliographic details
Auckland Star, Volume LIV, Issue 185, 4 August 1923, Page 7
Word Count
154HOPES OF STABILITY. Auckland Star, Volume LIV, Issue 185, 4 August 1923, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in