Salt Lake Tribune | 1918-12-01 | Page 8 | Gold Reserves of Huns Shrink

GOLD RESERVES" OF HUDS SHRINK Armistice Provides for Restitution Res-titution of Russian and Rumanian Money. HKKLIX, Nov. 30, via A m:itnnla m. reserves In, the iriip-rl;il hank of i-'Tiimny, In connect ion with I ho bli-Kiitiuii.T bli-Kiitiuii.T uifi;rt;il(i;n under jm-I l.-le l'i of tin; iirniiHtlri; tcrinH, have undurfc'' nic a )'! uj I ion of 2 1 1 ,7oi,0'W mark accrd-intf accrd-intf to (Ik; ucckly report of I he In-itiiu-tinri, .V.v.-ihUm' li. Tin- Jv'W n.:- r.ori-H now M;riiI at 2,':uX,rJr,;i,')nr) mark-;. A rl ir!o i: df the; Jeraian ;i rmirit ir.-f terms provided f.jr the re-iflt iiti'm of tin; KiiMMi:in ami Ilumanian gold yielded to Cku'iiinny or tak.-n by that power. This gold WJl3 to ht: d.-liv-red in trust to the aliirii "until the signature of peace. '"The article also required that tho following fol-lowing conditions be carried out: "Immediate retil ution of tho cash deposit de-posit in tim National Hank of JScIkI uni. n nd jn j-'( iirr:tl lmm-di;' ( e r-' urn of all d'.ninitMil.-.', i-.Tif, :-l-'ks, ?dia ivs, papcr nnniry, t.i,-i t j . -1- with plant fur the issue th.-i-ruf. lou- hinir pnMir ur private intcr-in intcr-in the mvad.-d r.mri I l i.-s. "It.-paratlori 1'i-r damage ilm. While such a nil 1st ice lasts no public s-curi-l i'-s Mia II 1m: removed by I In: enemy which can si-rvf as a pledge lo tlie allies al-lies for tin"; recovery or reparation for war losuf.s." Addri-.stoiiit,' tlio central board of the Trn in-rial Hank of Germany, ltuiloir 1 lav.'nst.iin, president nf tho bank, nrtfcnil v admonished t be people not to hoard cash. He said that between October Octo-ber 1 and November tln-re bad -ee.n withdrawn from the bank 3. (:;.; urn. "dO marks, as against 3f)7.n'in,tnif) ma rl(s last year, and tins after -l,non,unn,t)oi) ma rks had already been drawn out in the third quarter. Moreover, Hon- lluvenstoin de-elared. de-elared. more than another billion inn r Us of new currency had been circiilaied in the same, period bv means of coupons and the notes of private hanks and communes, com-munes, making l lie total hoarded money .iiiiO.iitji)(0tHi marks between tlie above da I en. Mori- Havenstein announced Die final filial of the last war subscription as 1,-i:;.t,:).'.n.7(io 1,-i:;.t,:).'.n.7(io marks, of which 93.11 per "cent bad already been paid.