WANTED MONOPOLY.
Swedish Match King Offers Germany Big Loan.
PUBLIC OUTCRY QUASHES DEAL
' ("Times" Cables.) i ■•♦ (Received 10.30 a.m.) LONDON, September 30. The "Times" Berlin correspondent states that the premature disclosure by Berlin papers, owing to what is described as an indeseretion, has probably killed the scheme under which the Finance Minister hoped to. strengthen Germany's credit by accepting the offer of the match king, Ivan Kreuger, of :i loan of £30.000,000 at a low interest in return for the match monopoly. It is reported that the terms of the negotiations included an embargo on ..foreign matches, aimed, against the Soviet, which is capturing the market despite high duties antL the right of the <Swedish trust to regulate prices. \ Kreuger has secured monopolies in the bulk of European countries by offering aid in times of financial stringency. The disclosure has provoked an outcry against foreign control right throughout Germany.
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Auckland Star, Volume LX, Issue 232, 1 October 1929, Page 7
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149WANTED MONOPOLY. Auckland Star, Volume LX, Issue 232, 1 October 1929, Page 7
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