INVESTMENTS IN GERMANY

Wanganui Chronicle, Volume LXXXII, Issue 19434, 21 October 1925, Page 6

INVESTMENTS IN GERMANY

APPRECIATION OF VALUES ADVICE TO NEW ZEALAND DEBENTURE HOLDERS. [Per Press Association.] WELLINGTON, Oct. 20. The Hon. Sir Francis Bell, AttorneyGeneral for New Zealand, announces that legislation was recently passed in Germany providing for appreciation of the value of certain classes of capital investments in Germany in cases where investments had lost value owing to depreciation of German currency. The expression “capital investment” includes mortgages with or without time limit, liens secured over land registered, ships and railways, savings bank balances, debentures (in certain cases) and claims under life insurance policies. The Consul for Germany nt Wellington has now received advice from his Government that in extension of this legislation all German industrial corporations have been requested by special ordinance published in the Reic.hsangziczcr (German Government Gazette) of August 29, 1925, to invite holders of debentures of Gcrnihn industrial concerns to apply at once for revaluation of such debentures as were in their possession prior to July 1, 1920 and are still held by them. Preferential shares do not come within this category. Claims should be sent direct to the industrial concerns in question, or to the local Amtsgiricht (court of law). The Consul further announces that his consulate is prepared to assist with advice New Zealand holders of such investments who wish to secure to themselves the benefit o< this legislation.