THE REICHSBANK
HEAVY LOSSES REPORTED. (United Press Assn. —Dy Telegraph—Copyright.) Berlin, March 16. The Reichsb'ank annual report for 1931 shows that the bank lost 1,508,000,000 marks in its efforts to regulate the stability of the Reich's mark. Its obligations to foreign countries at the end of'the year were 428,000,(100 marks compared with nearly 134,000,000 marks in 1930. The report concludes that reparations have proved impracticable and that there is no other way but to abolish this system formally with the utmost speed if the world is to be preserved from a new economic and social catastrophe.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ST19320318.2.64
Bibliographic details
Southland Times, Issue 21656, 18 March 1932, Page 7
Word Count
96THE REICHSBANK Southland Times, Issue 21656, 18 March 1932, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Southland Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in