INSURANCE FIRMS.

Auckland Star, Volume LXIX, Issue 283, 30 November 1938, Page 11

INSURANCE FIRMS.

BANKRUPTCY FEAR. Order to Pay £50,000,000 To German Government. , MONEY OWED TO JEWS. United Press Association.—Copyright, i ___ (Received 2 p.m.) ; i LONDON, November 29. The "News Chroniele" Berlin correspondent says that many insurance companies are in danger of bankruptcy as a result of an order to pav to the Government damages owing to •Jews estimated at over £50,000,000. Most German companies are reinsured with the British, which are refusing liability on the grounds that in the first place the damages are claimed under the civil commotion clauses, which cut out former contracts by Germans, or where the clause remains it is argued i that civil commotion cannot occur in an 0 authoritarian State. ® Secondly, it can .be proved that the da-mage was due to organised violence with the connivance of the Government, and. therefore, it was an act of sove- ' reigntv not coverable by insurance. ' Thirdly, both police and firemen were remiss. WIPE OUT JEWS. GERMAN ECONOMIC LIFE. Independent Cable Service. (Received 1.30 p.m.) BERLIN, November 29. A full day curfew on Jews has been ordered for December 3, the "Day of National Solidarity," when a public . collection will be taken up for winter j relief. The "Schwarzecorps" says that by December 31 the last Jewish shop e will be closed and the last' Jew in 1 German economic life will disappear. i FOR HARBOURING. Relatives of Young Jew Fined And Gaoled. B VON BOTH MURDERER. (Received 10.30 a.m.) PARIS, November 29. The uncle and aunt of Herschel Grynzspan, the Jewish youth who shot Dr. von Roth, German Embassv Secretary, were sentenced to four" months and fined 100 francs on a charge of illegally harbouring their nephew.