GERMAN GOLD RESERVE
BERLIN, Dec. 23. ftimwa th® return to Berlin of Herr Rathenau, formerly Minister of Reconstruction, the Press has recorded numerous conferences lie has had with the Chancellor (Herr Wirtli), the Cabinet, and other interested bodies on the results of his visit to London. What news he brought remains a mystery, hut the general conviction is that it is none too good. One tiling is certain. Germany had to get together the money for the January reparations payment to the Allies (025,000.000). Tt is proposed to lay hands on ••© gold reserve at the Reiehsbank, but its president says it will he taken only over his dead body, and points out that it is uni the property of the State but tile property of the bank, in which many private persons, including foreigners, bold shares. As-less than 1 per cent of Germany’s paper money is at present covered by gold, it. is obvious that any further exhaustion of the reserve wop l 11 a fatal effect on the vafue of the paper. Meanwhile the immensely rich industrialists are doing their utmost to preyent the financial burdens from falling'on Their shbuldefs. - -
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Hokitika Guardian, 16 February 1922, Page 1
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191GERMAN GOLD RESERVE Hokitika Guardian, 16 February 1922, Page 1
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