Foreign News: Shippers Punished

Prisoned in Germany by the Reichs-bank's embargo on exports of gold and foreign exchange are millions of marks owed to the Fatherland's foreign creditors, notably to such U. S. banks as Manhattan's Chase National. The only way the U. S. banks can move these "blocked marks" is to sell them at a discount in dollars (usually 15%) to tourists or merchants who need marks to spend in Germany, Last spring the North German Lloyd and Hamburg-American ("Hapag") Lines began to accept blocked marks in payment for passage. Passengers who paid in blocked marks...

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