SEQUEL TO KREUGER SMASH
HEAVY LOSSES SUFFERED IN SWEDEN. United Press Association—By Electric Telegraph—Copyright (Received June 8, 7.30 p.m.) LONDON, June 8. The City Editor of “The Daily Mail” says: “The disastrous effects of the Kreuger crash is disclosed in the Swedish match report, which is one of the most extraordinary documents on joint finance. The directors state that it is impossible to close the books with the exactitude the law requires. The provisional accounts disclose the stupendous loss in 1932 of £29,000,000. The company’s claim against the Kreuger estate, is entered as one kroner. The Kreuger-Toll and the International Match Company, both bankrupt, make huge claims against the Swedish Match Company, which the latter company repudiates..
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Timaru Herald, Volume CXXXVII, Issue 19511, 9 June 1933, Page 7
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117SEQUEL TO KREUGER SMASH Timaru Herald, Volume CXXXVII, Issue 19511, 9 June 1933, Page 7
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