RUBBER FOR GERMANY
A
The Stockholm .newspapers -recently save great space to the details of a remarkable law case: A Christiania merchant, named Thomson, deposited with the Stockholm KanoeTSßank two sums totalling six million kroner to pay for and guarantee 400 tons of rubber, which was to be sent from Havre to Alexandrowsk, Russia, bv , the steamship Beatrice, in the earjy months of 191 G. The affair looked, on the face of it, a Praneo-Ruesian transaction. Later, the Handelsbank received orders to remit the sum to the Pans Comptoir d'Escompte. . .'. In the meantime tie iTcnch authorities, suspecting that the cargo was destined to be captured by the Germans, seized, the rubber. Than the Christiaraa merchant informed the Handelsbank that the business could not be completed and demanded his money back. This had already been remitted to Paris .in accordance with the earlier instructions?, and the bank was unable to refund the deposit Germans interested in the affan i.Kt made application, but were told that the bank, having acted ja good faith oti instructions from the Christiama merchant from whom they received the six millions, the interested parties would have to look to Thomsen for the return of the ThT'Handeiebaiik was. subsequently sued tor repayment by the Oalmons Asbestos and Rubber Works Hamburg, and next day were informed that an embargo had been put upon the bank'e funds lying \9 ecß F** v %& the. extent of six-million kroner. Ihe theory is that it was the. German intention L capture the Beatrice en route from Havre to Alexandra* declare the rubber contrabano, Avffle the money was'still deposited at Stockholnl. Then" they would either .have .«fn«d payment on the ground that it vas eneniv property, or possibly pay the owner when the rubber had been safely Bide-tracked. into a Eandelsbnnk has. informed, the Mi mter of Foreign Affairs of the arbitrary Mizure of its funds in Germany, while the Swedish Banks Corporation .protests a"ainst the action as undermining xne confidence which is necessary for the proper conduct of international trade The first man to appear on the scene i representative of the direct toman Rubber Committee of Berlin.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/DOM19170925.2.52
Bibliographic details
Ngā taipitopito pukapuka
Dominion, Volume 10, Issue 3199, 25 September 1917, Page 6
Word count
Tapeke kupu
355RUBBER FOR GERMANY Dominion, Volume 10, Issue 3199, 25 September 1917, Page 6
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Dominion. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.