NAZI WAR CHEST
FUNDS HELD ABROAD USE AFTER DEFEAT WASHINGTON, Oct. 8. German embassies in neutral countries are reported to be “ loaded down ” with gold, securities and currency, some of which is earmarked to finance resistance in Germany during the Allied occupation. They have large staffs working overtime to put valuables, including loct from conquered countries, under cover. The German ruling clique is known to be accumulating assets, not only for personal salvation, but as a " war chest” to keep underground organisations going. To conceal the fund* the Germans are extending their power in foreign industry, and are so cloaking this control that it will be difficult to trace. Gold, securities, and currency are being stored in safe deposit vaults under non-German names. In some cases, a citizen cf a neutral country with practically no means becomes the owner of a valuable mine or similar property. Another German trick is to establish a small new company in occupied territory. Germanmade gocds are then shipped in. Buyers of the goods are instructed not to send the money to the manufacturers directly, but to remit the money to the 'new company, which is secretly Ger-man-controlled. so that the funds remain outside Germany.
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Otago Daily Times, Issue 25668, 17 October 1944, Page 5
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200NAZI WAR CHEST Otago Daily Times, Issue 25668, 17 October 1944, Page 5
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