Interest has sprang up again. in a miJd form in the pre-war German and Prassiarfe loans known to the London market. Interest is payable in the old German mark, -which was devalued and exchanged for new gold marks -at the rate of 1,000,000,000,000 paper marks for one new mark. Any value which attaches to the bonds is therefore dependent upon l some compassionate action by the German Government in order that holders may not be deprived entirely of the money invested. Various proposals have been formulated with the object of giving the bonds a small value in tie present currency, but none of them has been officially adopted. American holders are taking 6teps to bring pressure on the authorities, and the demand is no doubt the, reflection of this activity. A purchase is a mere specnl^tion.
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Press, Volume LXI, Issue 18481, 8 September 1925, Page 11
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136Untitled Press, Volume LXI, Issue 18481, 8 September 1925, Page 11
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