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HUGE CLAIM

an extraodinary suit. (United Press Association—By Electric Telegraph—Copyright). LONDON, November 30. One of the most extraordinary financial disputes of recent years, involving £459.000,000, will shortly be heard by the King’s Bench Division. An Englishman residing in Germany during the inflation period, bought for £ls nine thousand million paper marks, obtaining a draft payable in London at any time within six years. The purchaser waited for six years until the exact day, and then he demanded payment, but meanwhile the paper mark had been repudiated, and the gold mark instituted by Germany. Accordingly the bank refused to pay.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/HOG19291202.2.38

Bibliographic details

Hokitika Guardian, 2 December 1929, Page 5

Word Count
99

HUGE CLAIM Hokitika Guardian, 2 December 1929, Page 5

HUGE CLAIM Hokitika Guardian, 2 December 1929, Page 5