MILLIONS IN DEBT.
VAST BUSINESS SHRINKS. GERMAN INDUSTRY SLACK. By Telegraph.—Press Assn. —Copyright. Berlin, June 16. The Vorwaerts states that the vast business which Herr Hugo Stinnes left has shrunk to microscopic dimensions, and is now bearing a liability of £lO,000,000, though the banks intervened to prevent a collapse. Shares fell 11 per cent, last week. The position in the Ruhr is calamitous. Every day pita are closing and blast furnaces are being banked. Coal is accumulating at the pit heads at an alarming rate, making a national crisis certain in the mining industry shortly.
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Taranaki Daily News, 19 June 1925, Page 2
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95MILLIONS IN DEBT. Taranaki Daily News, 19 June 1925, Page 2
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