BANK FAILURE.
OBLIGATIONS OF THREE MILLIONS STERLING. A GERMAN SMASH. By Telegraph—Press Association—Copyright. (Bee. July 29; 0.5 a.m.) London, July 28. Tho Niedordcutscho Bank at Dortmund. Prussia, has failed. Horr Ohm, a director has been arrested at tho Public Prosecutor's instance. Tho "Daily Telegraph", states that tho bank's obligations amount" to three million sterling. The "Daily News" says the failure is largely to be attributed to improper speculation in the American markets. Tho other, banks -.were unablo to extricate tho bank, but are endeavouring to assist the smaller creditors, especially tho depositors, who are mostly miners and other workers. ' , The capital of the bank is and the deposits amount to £441,000. The value of- the assets has not yet been ascertained. .
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Dominion, Volume 3, Issue 881, 29 July 1910, Page 5
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121BANK FAILURE. Dominion, Volume 3, Issue 881, 29 July 1910, Page 5
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