GERMAN LOAN.
INTEREST RAISED
UNUSUAL STEP
LONDON, Aug. 13. The Financial Times’s Berlin correspondent says that the Minister of Finance has taken the unusual step of raising the interest on a five million mark Reiclis loan from five to six per cent.
It is evident that tlio purchasing powers of the public were over-estima-ted, resulting in serious loss. The finance market is surprised, but relieved, that the mistake has been publicly admitted.—A. and N.Z. cable.
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Bibliographic details
Manawatu Standard, Volume XLVII, Issue 221, 16 August 1927, Page 7
Word Count
75GERMAN LOAN. Manawatu Standard, Volume XLVII, Issue 221, 16 August 1927, Page 7
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