GERMAN WOOLLEN COMPANY
REORGANISATION PROCEEDING Press Association— By Telegraph—Copyright. BERLIN, August 19. (Received August 20, at 9 a.m.) The reorganisation of the North German Wool Company has been brought to a successful conclusion [Last month two brothers, Karl and Heinz Lahusen, directors of the North German Woollen Company, which collapsed recently with huge losses, wore arrested. The speculations of the Lahuseu brothers were regarded as the hole in the dyke through which the flood which is now ravaging Germany’s credit began, as the company’s losses were believed to have precipitated the run on the Darmstadtcr National Bank. The arrests were duo to a suspicion that there had been criminal attempts at embezzlement and double bookkeeping.]
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Bibliographic details
Evening Star, Issue 20876, 20 August 1931, Page 9
Word Count
115GERMAN WOOLLEN COMPANY Evening Star, Issue 20876, 20 August 1931, Page 9
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