THE REICHSBANK
PRESIDENCY RESIGNED
BERLIN, March 7.
Scacht resigned the Presidency of the Reichsbank on the ground that he disagrees with the Hague agreement. The bank rate was reduced to 5L P« ! cent.
LOAN FAILURE.
CAPETOWN
March 7.
Tbe failure of the Union Loan of six millions on London ■ Underwriters having to take up 75 per cent, is attributed, in Government circles to prejudice against Dominion Loans, because of the Australian situation, as well as world economic conditions.
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Hokitika Guardian, 8 March 1930, Page 5
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78THE REICHSBANK Hokitika Guardian, 8 March 1930, Page 5
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