A FLOOD OF MARKS.
AMAZING POSITION IN GERMANY, WORTH A FARTHING A THOUSAND. (Received 24, 2.20 p.m.) Berlin, July 23. A truly amazing position has been reached in Germany in regard to the issue of marks. Tile number actually manufactured is hardly known from day to day. The Reichsbank alone manufactures fourteen million'Separate notes daily, varying from on© thousand to halt a million. The denominations of the lowest note printed is one thousand, valued at a farthing. Simultaneously there are forty private printing works under contract to print, and these are working three shifts, so the flood never ceases for a minute. Paradoxically, th© less the mark purchases the more purchasing is done. Though the end is inevitable, it is not yet dimly apparent. Railway fares have been quintupled without affecting travel Last week the Government had to multiply the taximeter by 15,000 and it is now multiplied by 25,000. —(A. and N.Z.)
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Bibliographic details
Hawke's Bay Tribune, Volume XIII, Issue 186, 24 July 1923, Page 6
Word Count
153A FLOOD OF MARKS. Hawke's Bay Tribune, Volume XIII, Issue 186, 24 July 1923, Page 6
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