The value of a stamp collection as collateral security is strikingly demonstrated by an episode arising out of the Bolshevik adnpnistration of Russia. A French bank representative in Petrograd wishing: to return to his native land, was told that he must not take more than 1000 francs in cash -with him. Determined to outwit the Soviet authorities, he converted as much of his cash as possible into rare postage stamps. With only the stipulated 1000 francs in his pocket he was permitted to cross the frontier unmolested, and on arriving in Paris was able to realise on his purchases to the extent of 80,000 francs r wliich ho would otherwise have been compelled to forfeit.
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Bibliographic details
Press, Volume LV, Issue 16653, 14 October 1919, Page 2
Word Count
115
Untitled
Press, Volume LV, Issue 16653, 14 October 1919, Page 2
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