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GERMAN TRADE SLUMP.

LACK OF FOREIGN ORDERS. MINISTER'S GLOOMY VIEW. A. and N.Z. BERLIN. Sept. 2, Hen* Baumer, Minister for Economics, addressing a. meeting in' Berlin, drew a gloomy picture of Germany's economic position. He said there was a complete lack of foreign orders.

The situation was : aggravated ' by •'..<.; a dearth of capital. The position was critical. He proposed a gold and note bank, but admitted it could not be launched without international assistance. .

In conformity with a recent order regulating dealings in foreign currencies, a large force raided the premises of currency dealers in the region of the Bourse and arrested 692 persons, of whom 89 were detained. A large amount of foreign currency was confiscated. /,''

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/NZH19230904.2.72

Bibliographic details

New Zealand Herald, Volume LX, Issue 18495, 4 September 1923, Page 7

Word Count
117

GERMAN TRADE SLUMP. New Zealand Herald, Volume LX, Issue 18495, 4 September 1923, Page 7

GERMAN TRADE SLUMP. New Zealand Herald, Volume LX, Issue 18495, 4 September 1923, Page 7