GERMAN BONDHOLDERS
LOSE ALL THROUGH FALL OF MARK NO GOVERNMENT COMPENSATION. (UNITED PRE6S ASSOCIATION. —COPTEIOHT.) (AUSTRALIAN-NEW ZEALAND CABLB ASSOCIATION.) LONDON, 19th January. The "Daily Mail's" Berlin correspondent says that the Government startled the country by the announcement that it would not compensate the holder* of war loan and other Government and municipal stocks, which are ruined' by the depreciation of the mark. It points out that the holders must accept bankruptcy owing to the .loss. ,of the war and the obligations under the 'Peace Treaty. There has been a recent-boom in theso stocks, based on the belief that the Government might place its own liabilities and municipal liabilities on a gold basis. Hundreds of thousands of thrifty frugal members of the middle class, who invested in what they believed safa securities, are now staring ruin in,. the face. A crop of suicides is expected;"-
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Bibliographic details
Evening Post, Volume CVIII, Issue 17, 21 January 1924, Page 7
Word Count
144GERMAN BONDHOLDERS Evening Post, Volume CVIII, Issue 17, 21 January 1924, Page 7
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