GERMAN INVESTMENTS.

Otago Daily Times, Issue 19616, 21 October 1925, Page 2

GERMAN INVESTMENTS.

APPRECIATION OF CAPITAL EFFECTS OF DEPRECIATED CURRENCY. (Pes United Pbess Association.) WELLINGTON, October 20. Tho Hon. Sir Francis Bell, Attorneygenera) for New Zealand, announces that legislation was recently passed in Germany providing for the appreciation of the value of certain classes of capital investments in Germany, in cases where investments had lost value owing to the • depreciation of German currency. The expression "capital investment" includes mortgages with or without time limits, liens secured over land, registered ships and railways, savings bank balances, debentures (in certain cases), and claims under life insurance policies. The Consul for Germany at Wellington has now received advice from his Government that, in extension of this legislation, all German industrial corporations have been requested bv a special ordinance published in the Reichsanzeiger (German Government Gazette) of August 29, 1925, to invite the holders of debentures of German industrial concerns to apply at once for a revaluation of such debentures as were in their possession prior to July I, 1920, and are still held by them Preferential shares do not come within this category. Claims should be sent direct to the industrial concerns in question, or to the local amtsgericht (court of law). The consul further announces that his consulate is prepared to assist with advice any New Zealand holders of such investments who wish to secure to themselves the benefit of this legislation.