GERMANY

Nelson Evening Mail, Volume LVI, 16 October 1922, Page 3

GERMANY

A DRASTIC DECREE AGAINST DEALING" IN FOREIGN CURRENCY (By Electric Telegraph.—Copyright.) (Australian & N.Z. Cable Association.) BERLIN, Oct. 12. Instead of waiting for legislature process President Ebert to-night, under powers to make laws where necessary for Ihe restoration of public safety, signed a decree making it a penal offencv' punishable by three years' imprisonment, to demand or accept foreign currency in any business transact ion concluded in Germany. Bankers and others are similarly liable if they connive at the purchase of foreign currencies for speculation or investment. Certain banks are certified. Traders are excepted where ordinary business needs demands the purchase of foreign securities. The Morning Post's Berlin correspondent describes the decree as of paramount importance, and the Government's first genuine attempt to strengthen the mark, and facilitate payments for the imporation of necessaries, and meet reparations responsibilities. Tho decree was issued after the Bourse was closed to order to prevent final plungs in the foreign currency market. Pure, piquant and low in price—Sharland's iVnegar. Made from the finest ingredients. Used on the best tables.