GERMAN ITEMS.

Hokitika Guardian, 10 July 1925, Page 3

GERMAN ITEMS.

[Australia & N.Z. Cable Association.] GERMAN' I.UAMB. HEREIN:, July 8. The Committee of the Bourse decided to close the Stock Exchange to-day as a protest against the decision of the Revaluation Committee of the Reichstag to differentiate between the old and new holders of paper mark State loans, and to grant the latter a revaluation of only 2J per cent., compared with five per cent for the old holders. AH the other German exchanges also closed. Bankers and financiers arc generally of opinion that it will be impossible to carry out such a differentiation. They anticipate that German securites abroad will he adversely affected thereby. The Bourse Committees consider the differentiation would destroy confidence in German loans. The Committee has decreed that, until further notice, the quotation of the loans of the. Reich, the Federal States, and the towns shall he struck out of the list.

GERMANY ALARMED

(Received this day at 9.0 a.m.)

BERLIN, July 10,

The Berlin correspondent of tho “Times” says: “Germany professes alarm at what it describes as the Soviet’s predominant venal position in the Baltic.” One writer drawing attention to the recent visit to the Baltic of British and Soviet naval units, says that the British visit is intended to remind the Baltic countries of England’s übiquity, the Russian visit is a hardly less definite sign that Russia also intends to have something to say in Bailt.e affairs.

“Berlin official cirlcos do not take the Soviet’s naval intentions quite seriously, pointing out that whatever may happen in the future Russia at present is far from being able to exert much naval inllueme either in the Baltic or elsewhere.”