EXODUS OF CAPITAL
' ALARM IN GERMANY FATHERLAND NOT FAVOURED ,SOT OF £41,000,000 TN 7 MONTH'S Halted Ptvw> Association—By Blectno Teleßn.pb Copyright.; Received 1 11 a an. to-'dav. LONDON, Aug. 27. The Berlin correspondent of the ‘“News Chronicle' ’ says that the flight of capital from Germany is causing the Government great anxiety. 'lt is estimated that £41,000,000 has 1 left since January. The bulk lias gone to Switzerland and more recently to Holland. Besides the big capitalists, small people are sending their paltry savings abroad, despite the higher rates of interest and! the freedom from income tax obtainable if banked in Germany. Dr. Reinhold, formerly Finance Minister, brands the flight of capital as a crime. There ha s not been such an exodus of capital since the. inflation period immediately after the war.
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Hawera Star, Volume L, 28 August 1930, Page 5
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132EXODUS OF CAPITAL Hawera Star, Volume L, 28 August 1930, Page 5
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