GERMANY'S WAR BONDS.
HOLDERS OF "SAFE" SECURITIES. FACED BY RUIN. (Australian and N.Z. Cable Assn.) LONDON, Jan. 19.. The- British correspondent of the Daily Mail slates 'that the Government startled the country by the announcement that it will not compensate holders of war loan and other Government and municipal stocks which have been ruined by the depreciation of the 'mark. It points out ■■that 'holders must accept br-nkruptcy owing to the loss of the war and Germany's obligations under the Peace Treaty. There has'been-'a"recent boom' in' these stocks based. ,0n..-the ; belief that the Government might place its own liabilities and municipal liabilities on a gold basis. Hundreds of thousands of the thrifty and frugal members of the middle-class,. who invested inwhat they believed .were safe securities, are now staring ruin in the face.
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Bibliographic details
Waikato Times, Volume 97, Issue 15895, 21 January 1924, Page 5
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133GERMANY'S WAR BONDS. Waikato Times, Volume 97, Issue 15895, 21 January 1924, Page 5
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