GERMAN WAR SCRIP.
A very curious condition of things, in a purely business way, has arisen at Bradford. It is estimated that Bradford export merchants are due between £1,500,000 and £1,750,000 from German firms for goods supplied, principally yarns. The Germans, with more ingenuity than honour, have decided, instead of paying the Bradford merchants what they are owed, to invest the money—the whole £1,500,000 or £1,700,000 — in German Government loan stocks and send the scrip to the unfortunate merchants. Thus they are forced willynilly to assist in financing the German Government in a war against Great Britain, and, of course, against themselves. It is now urged at Bradford that this action on the part of German firms has cleared the way for our Government, and that there should now be no scruples about at once taking action in the way of establishing a clearing house, and making illegal any payments due to Germany either indirectly now, or directly after the war.
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https://paperspast.natlib.govt.nz/newspapers/MH19141126.2.21
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Manawatu Herald, Volume XXXVI, Issue 1329, 26 November 1914, Page 4
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161GERMAN WAR SCRIP. Manawatu Herald, Volume XXXVI, Issue 1329, 26 November 1914, Page 4
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