GERMAN NEWS.
[Reuters Telegrams.]
NK\V GERMAN BANK
BERLIN, July 15
A German Kill lor the establishment of a new gold and note bank has been submitted to the Keparations Commission. The bank will lie conducted similarly to the I’eichsbank. Ibe directorate will be exclusively German, but will lie supervised bv a general council of fourteen members comprising seven Germans and seven appointed by America, Britain. Italy. France, Belgium, Switzerland and I loll"ml. as creditors of tho new bank. Scliaet. President of the Keichsbank, is the president designate of the general council. The bank will be completely independent of the German Government, and will issue so-called Keichsmark note and coinage to a value ol live milliards of gold marks winch must bo covered to an extent of one third by gold and foreign currencies. The banks capital by eight hundred million gold marks will be raised by an international loan. <v V INKY All I) DISK ASK. (Received this day at 11 .—•> a.m.) BKKLIN, July 15. The disease “ plasmoalara vicicola is preading rapidly in the vineyards in the Middle Rhine district, and threatens ruin, while a crop disease has also appeared at Mobile Sarr, but this is loss disturbing.
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https://paperspast.natlib.govt.nz/newspapers/HOG19240716.2.24.2
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Hokitika Guardian, 16 July 1924, Page 3
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198GERMAN NEWS. Hokitika Guardian, 16 July 1924, Page 3
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