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GERMAN MIDDLE-CLASS PEOPLE WAR LOAN INVESTMENTS PROVE WORTHLESS. By Telegraph.—Press Association. —Copyright. Received Jan. 20, 11.45 p.m. LONDON, Jan. 19. The Daily Mail’s Berlin correspondent says: The Government startled the country by an announcement that it would not compensate the holders of war loan and other Government and municipal stocks which have been ruined by depreciation of hte mark. It points out that holders must accept ibankruptcy owing to the loss of war lobligations under the peace treaty. ■ There has been a recent boom in these stocks, based on the belief that the Government might place its own liabilities and municipal liabilities on a gold basis. Hundreds of thousands of thrifty, frugal members of the middle-class, who invested in what they believed to be safe securities, are now staring ruin in the face. A crop of suicides is expected.
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Bibliographic details
Wanganui Chronicle, Volume LXXXI, Issue 18917, 21 January 1924, Page 5
Word Count
142FACED WITH RUIN Wanganui Chronicle, Volume LXXXI, Issue 18917, 21 January 1924, Page 5
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