GERMAN FINANCES
OONTROL OF REICHBANK REDUCTION OF INTEREST (United Frees Assn.—Elec. Tel. copyright) LONDON, June 15 It is generally accepted that the forbiddance of quotation of Reichbank shares by the Berlin Bourse means au early transfer to the control of the Reich, under which shareholders will receive for each JOO marks 20U marks in Treasury certificates, which will be unsaleable for a specified time. The Daily Telegraph’s City editor says the Reichbank will henceforth manage tlie States finances in any way it likes, beginning with a reduction of interest to Government level and the avoidance of 12 per cent dividends. UNDER CONTROL OF HITLER FOREIGNERS CANNOT HOLD (United Press Assn.—Eiec. Tel. Copyrignt) (Received June 16, 3 p.m.) BERLIN. June 15 The Reichsbank has been placed under the control ofl Herr Hitler, it remains the note-issuing bank, the president being responsible to Jlerr Hitler for the conduct of operations.
Foreigners are forbidden to hold Reichsbank shares, on which interest has been fixed at 5 instead of 8 per
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Bibliographic details
Waikato Times, Volume 124, Issue 20832, 16 June 1939, Page 7
Word Count
167GERMAN FINANCES Waikato Times, Volume 124, Issue 20832, 16 June 1939, Page 7
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