HEADLONG FALL OF THE MARK.

Hawera & Normanby Star, Volume LXXIV, Issue LXXIV, 27 August 1919, Page 5

HEADLONG FALL OF THE MARK.

GERMAN FINANCIERS AI ARMED.

(Times.) BERLIN, Aug. 25. The headlong fall of German exchange is alarming financiers. It is attributed -fco various causes, partly the enormous •quantity of paper money abroad, in•cluding £100,000,000 in Switzerland, sind smaller sums in Scandinavia and It is also due to unauthorised purchases and combined exportation of private German capital in order "to avoid taxation. AMSTERDAM, Aug. 25. The deposits in the German savings T>anks at the end of 1918 amounted to 33,000,000 marks, compared with 20,----•000,000 before the war.