GERMAN MARK.

Hawera & Normanby Star, Volume XLII, Issue XLII, 16 October 1922, Page 7

GERMAN MARK.

AMERICAN STATEMENT DENIED, j IMPORTANT APPEAL COURT JUDGMENT. BY CABLE—PRESS ASSOCIATION—COPT! SIGHT Received Oct. 16, 10.30 a.m. \ BERLIN, Oct. 15. The. Reichsbank contradicts the American press statement that .America lost_ 960,000,000 dollars through the —-^orl'apse of the mark. Nevertheless the Bergswerks Zeitung, published in Essen, declares that through the collapse of the currency Germany extracted from foreigners ten times more than she had

paid m cash reparations. The Leipzig Appeal Court, in an important compensation appeal, decided that though theoretically paper marks and gold marks were equal in the sight of the law, they were unequal economically, and the courts of justice must intervene creatively and make transactions fair, and even remodel contracts which, literally carried out, would cause leav^ losses through the depreciation of paper marks. The decision is characterised as a final blow to the paper marks currency. —Aus.-N.Z. Cable Assn.