GERMANY.
FINANCES IN A BAD STATE.
BY CABLE—PEESS ASSOCIATION—COPYBIGaT (Aus.-N.Z. Cable Assn.) COPENHAGEN, June 3. German, war loan stock, issued at 98 per cent, has dropped to 72. The National Bank is rebuying stock with, notes, of which it is issuing an unlimited number.
The banks' holding of gold now only covers 6.4 of the note issue, and the proportion is decreasing daily. A financial catastrophe is feared.
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https://paperspast.natlib.govt.nz/newspapers/HNS19190606.2.28
Bibliographic details
Hawera & Normanby Star, Volume LXXVII, Issue LXXVII, 6 June 1919, Page 5
Word Count
68GERMANY. Hawera & Normanby Star, Volume LXXVII, Issue LXXVII, 6 June 1919, Page 5
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