GERMAN BANK CRASH
AFFECT ON PEOPLE. Press Association— By Electric Telegraph.—Copyright.) (Received this day at 10 a.m.) BEIUaLX, July 13. Darmstadter Bank total liabilities are seventy-five millions sterling. Large forces of police controlled crowds outside the bank. The populace are stunned at the closing of Darmstadter, notwithstanding the Government guaranteeing its deposits. It is believed that between eight and nine, millions of British capital are involved. . r'H: Ouing to the Reich bank's inability to meet their full requirements, German banks have taken the drastic action of not cashing clients cheques above a certain amount, varying according to the Bank. In some cases no cheques above £5 are- being cashed.
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Hokitika Guardian, 14 July 1931, Page 5
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109GERMAN BANK CRASH Hokitika Guardian, 14 July 1931, Page 5
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