FINANCE IN GERMANY.
DISPUTE WITH EXCHANGES. By T,lf-gra.ph,;—Press Assn.—Copyright: Received July 9, 7 p.m. Berlin, July 8. The committee of the Bourse, decided to close the exchange to-day as a protest against the decision of the revaluation committee of the Reichstag to differentiate between old and new holders of paper mark State loans and to grant the latter a revaluation of only 24 per cent, compared with 5 per cent, for old holders. All other German exchanges have closed. Bankers and financiers are generally ot opinion that it is impossible to carry out such differentiation. They anticipate that German securities abroad will be adversely affected thereby. The Bourse committee consider differentiation would destroy confidence in German loans, and the committee decreed. that until further notice quotations of loans of the Reich in Federal and State towns would be struck out of the list.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TDN19250710.2.46
Bibliographic details
Taranaki Daily News, 10 July 1925, Page 7
Word Count
143FINANCE IN GERMANY. Taranaki Daily News, 10 July 1925, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Taranaki Daily News. 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