COLLAPSE OF MARK.
STILL FURTHER DEPTHB.
AUSTRIAN SLUMP ECLIPSED.
Australian and N.Z. Cable Assn. LONDON, August 8
Exchange oh Berlin suffered a fur-' ther Sensational collapse to-day, when the mark touched 27,000,000 to the pound, and closed at about 21,000,000, though practically no business . was done.
A LOridon financial authority points out that the German mark to-day is hi a far worse position than was the Austrian krone, when Austria was Coiripelied to Call in tile natiohs of lhe world or collapse. It is believed that the time is fast approaching when Germany must seek foreign aid and revert to currency other than the mark.
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Bibliographic details
Waikato Times, Volume 98, Issue 15310, 10 August 1923, Page 5
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105COLLAPSE OF MARK. Waikato Times, Volume 98, Issue 15310, 10 August 1923, Page 5
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