HIGH FINANCE
Washington, Dec. 27. The Senate committee investigating the technical default of the Dawes loan from the Reconstriiction Finance Corporatio'n reported to-dhy that the. collatefal securities which the Cor-. poratlon holds for itpwards of . 60,000,000 dollars outstanding ihcludes 8,000,000 or 9,000,000 Insull securities, which are practically worthless, ahd sevferal hiillioh dollars in German bonds now technically in default. The written-do'wn value of all the collateral securities, however, covers . the Dawes indebtedness by a "title" so the report said.
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https://paperspast.natlib.govt.nz/newspapers/RMPOST19331228.2.34.6
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Rotorua Morning Post, Volume 3, Issue 725, 28 December 1933, Page 5
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79HIGH FINANCE Rotorua Morning Post, Volume 3, Issue 725, 28 December 1933, Page 5
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