THE PAPER MARK

Evening Post, Volume CIX, Issue 118, 22 May 1925, Page 10

THE PAPER MARK

VALUELESS AFTER sth JULY.

German paper marks may now be exchanged in New Zealand at the rate of one billion marks to one reichmark. They will cease to be legal tender after sth July, 1925. The intimation is contained in the following letter received by the Prime Minister from the Consul-General for Germany at Melbourne:— "I have been advised by my Government that the directors of the German Reichsbank, according to section 3 of the Banking Act of the 30th August. 1924, have called in all Reichsbank nolp;----issued prior to the 11th October. 1924. The notes, thus called in will cease Ir be legal tender after the sth of June 1925. Persons holding such notes may however, after this date up to the ,st> of July, 1925, exchange them at ai' branches of the Reichsbank at the rat of one billion mark—one reichsmav' (R.M.), fixed by the German Legislature according to the Dawes plan. . "As German paper marks tlierofr will_ be valueless after the sth of Jul 1925. and as there seems a possibility .of such paper marks being held by New Zealand residents, I have the honour to suggest that the above facts be given due publicity in order that holders of paper marks living in New Zealand might be enabled to guard their interests."