COMMERCIAL SMASH IN BERLIN.
HEAVY FAILURE OF A BIG FIRM. By Telegraph—Press Association—Copyright (Rec. April 5, 5.5 p.m.) London, April 4. Tho Berlin correspondent of the London "Daily Chronicle" states that tlio great emporium cf W. Wcrtheim, limited, lias failed. Tho company's liabilities_ total £900,000, and its assets £125.000. Tho company had recently liquidated a heavy indebtedness to tho Princes' Fund. The Princes' Trust has ended, owing to quarrels between two of tho princely partners, and its numerous undertakings have been transferred to the Deutsche Bank. The Princes' Trust, in Septemlier last, was described as a stranded ship, and was then stated to be in the process of liquidation. Two weeks later (October 4) came a cabled message whioh slated that vigorous intervention by the Deutsche Bank had saved tho Trust from ruin and a grave calamity to German financial industrial interests had been, averted. The bank's statement disclosed reckless transactions by the Trust.
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Dominion, Volume 7, Issue 2116, 6 April 1914, Page 5
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154COMMERCIAL SMASH IN BERLIN. Dominion, Volume 7, Issue 2116, 6 April 1914, Page 5
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