GERMAN NEWS
AUSTRALIAN AND N CAULK ASSOCIATION. •MARK CONTINUES TO SLUMP. BERLIN, August 3. The exchange rate closed at 4000 marks to the £l. French troops who were due to leave the Rhineland for France have been ordeerd to remain for the purpose of guaranteeing the undisturbed initiation of the sanctions if they are imposed, owing to a German default with the reparations on August 15th.
GERMAN PAPER. (Received this day at 8 a.m.) BERLIN, Aug 3. A sensation was caused among financiers when they learned the Reichsbnnk had issued fifteen hundred million marks new paper money, thereby increasing the floating currency to two hundred thousand millions. Foreign capitalists are steadily buying German industrial stocks which are at the lowest level since the armistice.
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Hokitika Guardian, 5 August 1922, Page 3
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124GERMAN NEWS Hokitika Guardian, 5 August 1922, Page 3
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