GERMAN BANK FAILS.
OBLIGATIONS £3,000,000. By Cable. —Press Association.—Copyright Received July 20, 0.30 a.m. Berlin, July 28. The Niederdeutsche Bank at Clortmund ha® failed, and Herr Ohm, the director, has been arrested at the public prosecutor's instance. The Daily Telegraph states that tlie bank's obligations total three millions sterling. The Daily News says the failure is largely attributed ( to improper speculation on American markets. Other banks We unable to extricate the bank, but are endeavoring to assist the smaller creditors, especially the depositors, who are mostly' miners and 'others workers. The capital is £60,000 and the deposits £441,000, but the assets are not ascertainable.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19100729.2.31
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, Volume LIII, Issue 94, 29 July 1910, Page 5
Word count
Tapeke kupu
104GERMAN BANK FAILS. Taranaki Daily News, Volume LIII, Issue 94, 29 July 1910, Page 5
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in