Page 3 Advertisements Column 1

Hokitika Guardian, 28 August 1922, Page 3

GERMAN CUNNING. 'Received this day at 12.25 p.m.) LONDON, August 27. Probably two hundred millions sterling has been presented to Germany, says the “Weekly Despatch” by credulous British speculators, who bought marks hoping for the recovery. Germany has long been alive to use our speculators, while the printing presses were pouring out new paper money at the rate of nine milliard marks weekly. Offices were opened in other countries in order to facilitate the exchange into foreign currencies. The centra distributing centre is at Rotterdam The collapse of the exchange has mined many who invested their life savings Heads of city firms as well as mere cite clerks were caught. Some speculator: who made fortunes during th fi war timi in cotton, wool and othwr commoditiei invested heavily. They were so suri 'the mark would recover. Germans nor possess ample funds in foreign moneys secured before the slump to be able t buy raw material wothiut suffering th consequences of the pre/«enA collapse. A FASCISTT THREAT. ROME, Aug 27. Fascist! threaten to boycott Britis steamers at Italian ports, if Italia ships manned by Faseisti arc boycott* bv Britain, and point out that Italia Unions approved of the manning < ships by Enscisti.