FALL OF THE MARK
3ERMAN BANKS' DIFFICULTIES.
'AUSTRALIAN . NBW ZBALAND CABLE ASSOCIATION.)
(Received llth May, 10 a.m.)
BERLIN, 10th May.
The fall of the mark is having most serious effects on German banking. While the mark was 20.000 to the dollar customers' deposits remained stable, but with the fall there has been a run on deposits in order to buy foreign securities or purchase raw material, especially for the textile trade. Tile banks thus find the reservoirs from which banking business' is done running dry, and so axe compelled to revise their while. system of' granting credit, especially as Government regulations for supporting the mark make it most difficult for banks- to borrow on their own investments in, foreign currency.
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Bibliographic details
Evening Post, Volume CV, Issue 111, 11 May 1923, Page 7
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120FALL OF THE MARK Evening Post, Volume CV, Issue 111, 11 May 1923, Page 7
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