GERMAN NEWS.
UNITED SERVICE TEEKGRAMS
(i KRAI AX JIOUHSE PANIC
RERUN, July 8.
’lli.ro was a wild panic on the Berlin Bourse. The German mark touched j,;0) w. the £l. The chief selling was done hv foreign holders, who are fearlul ~j t!.e political turmoil, reports of which ihe official circles in Germany consider lo he grossly exaggerated. The public made a rush to huv goods, in order to net rid of the mark at any cost. Customers who could not get what they « anted. took whatever the shops had. The Government lias given up its attempt to steady the mark, which the banks are shovelling on the market at any price. Every German with money is trying to get his capital abroad. The impression is that the Government is now allowing the mark to reach the level of -the Austrian currency, when it will tell the Allies that Germany is hankruitt, and cannot pay tlm reparations.
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Hokitika Guardian, 10 July 1922, Page 2
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157GERMAN NEWS. Hokitika Guardian, 10 July 1922, Page 2
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