GERMAN CAMPAIGN
DEPRESSION’iS EFFECT ON BANKS
(United Press Association—By Electric Telegraph—Copyright.)
BERLIN, December 26
Banks are forming two organisations to fight the economic depression. Firstly a financial institute company, partially resembling the American Reconstruction Finance Corporation, aiming at the promotion of industrial credit, with a capital of 30,000,000 marks, iu order to take over the securities of rational bud industrial concerns.
'Secondly, a. sinking fund for industrial credits, enabling gradual emorbisation of industrial firms’ banks debts where linked with rationalisation. The Government is backing the sinking fund to tiie extent ol 30,000000 marks from the gold discount hanks’ guarantee fund.
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Hokitika Guardian, 28 December 1932, Page 5
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100GERMAN CAMPAIGN Hokitika Guardian, 28 December 1932, Page 5
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