PRINCES IN TRADE.

Sun (Christchurch), Volume I, Issue 53, 8 April 1914, Page 7

PRINCES IN TRADE.

A TRUST COLLAPSES. DEALING- IN HUGE SUMS. By Cable.—Press Association.—Copyright. (Received April 8, 8.20 a.m.) . LONDON, April 7. The "Chronicle's" Berlin correspondent states that the break-up of the Princes trust is complete. The Princes Furstenburg, Hohenlohe, and Oehringen entered into partnership six years ago, and soon controlled a huge business in many parts of the world, including theatres, hotels, mines, tramways, shops, steamship lines, farms, and forests, with a total capital of £120,000,000. Prince Furstenburg's wealth, when the trust was formed, was £25,000,000, and Prince Hohenlohe's £12,000,000. Prince Furstenburg is now comparatively poor, and he has already sold some of his estates. Prince Hohenlohe's estates are now worth £6,500,000, and his debts amount to over £6,000,000. [The "Daily Chronicle's'' Berlin correspondent' States that the great emporium of W. Wertheim, Limited, has failed. The liabilities amount £900,000, and the assets to £125,000. The trust ended owing to quarrels between two of the princely partners, and its numerous undertakings have been transferred to the Dutch Bank, said a recent cable message.]