VAST SUM CLAIMED
SIX-YEAR-OLD BANK DEAL IN PAPER MARKS
REPUDIATED CURRENCY LONDON, Saturday. Oue of the most extraordinary financial disputes of recent years, involving £459,000,000, will shortly be heard in the King’s Bench Division. An Englishman residing in Germany during the currency inflation period bought for £ls, nine thousand million paper marks, for which he obtained a draft payable iu London at any time within six years. He waited for six years all but a day, and then demanded payment. In the time, however, the paper mark had been repudiated, and the gold mark instituted by Germany. As a result, ihe bank refused to pay.
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19291202.2.80
Bibliographic details
Sun (Auckland), Volume III, Issue 835, 2 December 1929, Page 9
Word Count
105VAST SUM CLAIMED Sun (Auckland), Volume III, Issue 835, 2 December 1929, Page 9
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