GERMAN CURRENCY BONDS.
Interest has sprung up again in a mild form in. the pre-war German and Prussian loans known to the London market. Interest is payable in the old German mark, which was devalued and exchanged for new gold marks at the rate of 1,000,000,000,000 pn'per marks for one new mark. Any value which Attaches to th© honds is therefore dependent upon some compassionate action by tho German Government in order that holders may not be deprived entirely of the money invested. Various proposals have been formulated with the object of giving the bonds a small value in the present currency, but none of them lias been officially adopted. American holders arc taking step* to brine pressure on the authorities, and the demand is no doubt the reflection of this activity. A purchase is a mere speculation.
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Evening Post, Volume CX, Issue 51, 28 August 1925, Page 9
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138GERMAN CURRENCY BONDS. Evening Post, Volume CX, Issue 51, 28 August 1925, Page 9
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