GERMAN BANKS

Nelson Evening Mail, Volume LXIV, 6 August 1931, Page 7

GERMAN BANKS

ASSURANCE TO DEPOSITORS (United Press Association—By Eloctrio Telegraph—Copyright) BERLIN, sth August. Although the restrictions will not bo removed till to morrow, many banks resumed operations to day. The amounts paid in exceeded withdrawals. l)r. Bruoning, broadcasting to-night, indicated that the. banks would be brought under the control of the Government, and he declared that the emergency measures had nothing to do witu inflation. Depositors need not be afraid that they would lose their hard earned savings.

ANXIETY DISPELLED

(Received 6tli August, 9.30 a.m.) | . BERLIN, sth August | Anxiety as to bow the public would behave at the re opening of tho banks was quickly dispelled, ’lbere was not a semblance of panic, and hundreds ol special police found themselves idle. It,-it m|i Official Wireless) RUGBY, fitli August, An unexpected fall in sterling on the foreign exchange Ibis morning billowed by a sharp rally in the afternoon is ut- | | rihiil.nl by Hie press lo renewed uiieasi- ! ness in Paris regarding the German sit - nation. However, uncording to to-days advices from Berlin business attending tho re-opening of the banks is normal, , and general reports are reassuring.