GERMAN BANK FAILS
DIRECTOR, ARRESTED.
IMPROPER SPECULATIONS.
Press Association—Ey Telcgrsph-Copyright
BEKLIN, July 28. (Received July 29, at 0.25 a.m.) The Nicder Deutsche Bank, at Clortmund, has failed,- and Hen* Ohm, a director, has been arrested at the Public Prosecutor's instance.
■ LONDON, "July 28. (Received July 29, at 0.25 a.m.) The Daily. Telegraph states that (he bank's obligation's amount to £3,000,000. The Daily News says the. failure is largely attributed to improper speculation in American markets. OtheT banks are unable to extricate the bank, but thov are, endeavouring -'to. assist the smaller creditors, especially the depositors, who are mostly miners and other workers. .
The bank' 6 capital was £60,000, and the deposits £441,000. The assets have ■not lioen ascertained. ' '
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19100729.2.68
Bibliographic details
Otago Daily Times, Issue 14898, 29 July 1910, Page 5
Word Count
118GERMAN BANK FAILS Otago Daily Times, Issue 14898, 29 July 1910, Page 5
Using This Item
Allied Press Ltd is the copyright owner for the Otago Daily Times. 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 Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in