RETURN TO GOLD
GERMAN LOSSES REVEALED,
(UNITED PRESS ASSOCIATION.—COPYRIGHT,)
.(AOSTRAUAN-NEW ZEALAND CABLE ASSOCIATION.) BERLIN, 29th September German limited liability companies, including banks, are substituting gold marks for paper, despite tho most serious losses to their shareholders. Thus the firm of Siemens informed their shareholders that they now own 10 per cent, of their capital. Fourteen leading brewery and steel works and coal mines have informed their shareholders that they have lost, on the average, 76 per cent. of. their .capital. The Barmen Bankvereiu, in which the btinnes firm is interested, has reduced Us shares from 1200 paper marks to 220 gold marks apiece.
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Bibliographic details
Evening Post, Volume CVIII, Issue 79, 30 September 1924, Page 7
Word Count
103RETURN TO GOLD Evening Post, Volume CVIII, Issue 79, 30 September 1924, Page 7
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