IN HITLER'S HANDS
CONTROL OF REICHSBANK
NO SHARES FOR FOREIGNERS
INTEREST RATE CUT
(By Telegraph—Press Association —Copyright.) (Received June 16, 1 p.m.) LONDON, June 15. A message from Berlin states that the Reichsbank has been placed under the control of Herr Hitler. It will remain a note-issuing bank. The president will be responsible to Herr Hitler in the conduct of operations. Foreigners are forbidden to hold Reichsbank shares, interest on which has been fixed at 5 instead of 8 per cent. Foreign shareholders will he compensated with shares in the Gold Discount Bank. Reichsbank shareholders, for each 100 marks' worth of shares, will receive 200 marks' worth of treasury certificates, which cannot be sold for a specified time. The "Daily Telegraph's" City editor says that the Reichsbank will hencej forth manage the State finances m any way it likes, beginning with a reduction of interest to the Government level and the avoidance of 12 per cent, dividends.
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Bibliographic details
Evening Post, Volume CXXVII, Issue 140, 16 June 1939, Page 9
Word Count
157IN HITLER'S HANDS Evening Post, Volume CXXVII, Issue 140, 16 June 1939, Page 9
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