THE KREUGER CRASH
SWEDISH MATCH COMPANY'S AFFAIRS
STUPENDOUS LOSS DISCLOSED
Preis Association—By Telegraph—Copyright
LONDON, Juno 8. The ‘ Daily Mail’s ’ City editor says that tho disastrous effects of the Kreugor crash aro disclosed in tho Swedish Match Company’s report, which is one of tho most extraordinary documents of joint finance,_ The directors state that it is impossible to close tho books with the exactitude that tho law requires. Tho provisional accounts disclose a stupendous loss in 1932 of £29 ; 000,000. The company’s claim against the Kreuger estate is entered as one kroner. The Kreuger Toll and International Match Company aro both bankrupt and make huge claims against the Swedisii Match Company, which repudiates them.
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https://paperspast.natlib.govt.nz/newspapers/ESD19330609.2.73
Bibliographic details
Evening Star, Issue 21433, 9 June 1933, Page 7
Word Count
113THE KREUGER CRASH Evening Star, Issue 21433, 9 June 1933, Page 7
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