RECORD IN MARKS

Stratford Evening Post, Volume XXXIX, Issue 89, 20 August 1923, Page 5

RECORD IN MARKS

CjERMAN FINANCIAL CHAOS. MILLIONS OF PAPER MONEY. Press Association—Copyright, Ana tralian and N.Z. Cable Association. I (Received 9.5 a.m.) Berlin, August 19. Inflation broke all records during i&e past week, when the Reichsbank islsued 18,731,934 millions of paper marks, nearly one-third of the total ncrtes issuod. '.Che Vorwaerts accuses Herr Havenncein. president of the Bank, of Balloting all the Cabinet's efl'orta to inuwive the mark. Socialists announce that they will give* Herr Havenstein three days! in which to resign, or will convoke* the ; Reichstag for the purpose of dismiss-

ing him. PAPERS CEASE PUBLICATION. Pawners cease publication owing to inability to accede to the compositors' demand for a weekly wagjo of thirty-six million marks. The newspaper proprietors of Central Germany have suspended publication. Tlho Lokal Anzeiger led the xiewsjpapiar revolt by refusing to roi-em-jployj the leaders in the strike.! Thi* stiffening of the employers' attlitudo ia attributed to Herr Stresemiinn's i advent, as never since the revolution hag any employer dared to discharge i the workers' leaders. .REICH COMMUNE OF WORKERS. i [• ', . COUNCILS DISSOLVED. (Received 9.5. a.m.) Berlin, August 19. The Government has dissolved the Reach commune of workmen's couni cils; also the committee of fifteen representatives of greater Berlin, ow- ! ing to their connection with prohibited proletariat institutions.