CAUSE OF THE COLLAPSE.
GOVERNMENT NOT TO BLAME. A. and NX LONDON. Oct. 15. Interviewed after his return from the United States to-day, Mr. Reginald McKenna, chairman of the London Joint Stock and Midland Bank, said that it was not true that the collapse of the mark could have been avoided by firmer methods by the German Government. The latter could not be blamed; it had to sell marks in order to make erternal payments. Such selling- inevitably reduced the price of marks.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19221017.2.62
Bibliographic details
New Zealand Herald, Volume LIX, Issue 18223, 17 October 1922, Page 7
Word Count
83CAUSE OF THE COLLAPSE. New Zealand Herald, Volume LIX, Issue 18223, 17 October 1922, Page 7
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in