TOTTERING FINANCES
BIG GERMAN FIRM MAY GO DABBLED IN INSTALMENT SALES £ Aaetr&lian Press a.bsu. 1 Received August 21, 11 p.m. BERLIN, Aug. 21. Financial circles experienced a sensation. when they learned that the General Insurance Company, the second largest company in Germany, is on the verge of catastrophy. Its purely insurance reserves are intact, but recently it engaged in outside business, including the financing of instalment sales of motor cars, to support the small banks, with the result that the company i s now responsible for guarantees amounting to eight millions sterling, including two millions sterling to British and Swiss financiers.
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Bibliographic details
Wanganui Chronicle, Volume 72, Issue 199, 22 August 1929, Page 7
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101TOTTERING FINANCES Wanganui Chronicle, Volume 72, Issue 199, 22 August 1929, Page 7
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