GERMAN FINANCE.

Taranaki Daily News, 15 April 1920, Page 5

GERMAN FINANCE.

DISPOSAL OF FOREIGN SHARES. By Telegraph.—Press Assn—Copyright. Received April 15, 12.45 a.m. Berlin, April 13.

There were tumultuous scenes on the Bourse on the announcement by the Government that shares in companies in Entente countries, which it was required should be surrendered under the Peace Treaty, were to be taken over ait the quotation of January 10. Dealers declared the action was socialisation by trickery, and hotly denounced the Government. The agitation caused a suspension of business, and the Bourses at Hamburg and Frankfort closed in sym-pathy.—Aus.-N.Z. Gable Assn. . Received April 15, 1.20 a.m. Berlin, April 14. The Stock Exchange rioters demolished the furniture. The exchange Anally closed owing to a leakage of the Government's intention to confiscate German holding? in concern? established on Allied territory With a view to surrendering the same sharqs to the Allies r-not at the current price, but at those ruling in January, before the rises occurred. Some shares have quadrupled in value since. The difference means ruin to the speculators concerned, who allege that extensive operations have been conducted with the Government's connivance.—United Servioe.