German Bonds

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German Bonds

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Uploaded by: Michael McCarthy • Category: General • Added on 21 February 2022 • Location Zurich, Switzerland

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German Bonds in Switzerland

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Michael McCarthy www.deseret.com/1995/1/7/19152099/germany-to-pay-i… Loading content, please wait. 11 months ago

Michael McCarthy Bond German External Dawes Loan bond 1924 $1000 NOT CANCELLED "MINT CONDITION":
$130.0
Bond German External Dawes Loan bond 1924 $1000 NOT CANCELLED...Bond German External Dawes Loan bond 1924 $1000 NOT CANCELLED "MINT CONDITION":
$130.0
Bond German External Dawes Loan bond 1924 $1000 NOT CANCELLED (DIFFERENT #') Under the Versailles Peace Treaty of 1919, the German Government accepted the responsibility to pay reparations to the Allied Powers for losses sustained by the Allied powers as a consequence of World War I. Because of Germany's dire financial and economic predicament following World War I, Germany was unable to fulfill the reparations obligations imposed on it by the Versailles Peace Treaty. To stabilize Germany's currency and economy, it was provided under the Dawes Plan that a loan of 800 million gold marks, known as the German External Loan 1924 (“Dawes Loan”), be made in international markets in various currencies. After the successful placement in the United States of America of 110 million U. S. Gold Dollars worth of the Dawes bonds, various municipalities, bank syndication's and corporations within Germany entered the international markets with nearly 100 additional bond offerings between 1924 and 1929. The German Government honored its obligations under the Dawes Loan through April 15, 1933, in accordance with the provisions stipulated in the instrument. Thereafter, the German Government reduced its fulfillment of its obligations to the bondholders, and by official letter dated June 14, 1934, the German government totally breached its obligations under the Dawes Loan agreements by suspending the remaining interest payments. From 1934 to 1941 attempts were made to pacify investors. Offers were made to bondholders who allowed their bonds to be stamped “U.S.A. Domicile 1st October 1935” whereby the bondholder would receive some cash and mostly blocked currency “script” of the Nazi regime. The American bondholders were openly discriminated against in spite of formal protests by the American Government.PLEASE NOTE: I'm not a bond expert and make no promise authenticity or past, present or future value. Worst case you have a nice piece of history. Condition is mint. AS-IS. Thank you for offerding and Good Luck! MY Standard Shipping is First Class or Priority =USPS both with Tracking and Insurance. I will combine Shipping ! response: I am an honest seller for over 14 years, try to describe every item best as I can. If you are not completely satisfied PLEASE contact me prior to leaving response. I am easy to work with, I will make things right. I work hard to make sure your experience is a GREAT one, if for some reason it is not please just e-mail me! I will leave POSITIVE response, when you pay. I strive for EXCELLENT CUSTOMER SERVICE, and will package your items with great care!!!! These bonds are advertised elsewhere and reserves the right to end the sale if sold. Show more 11 months ago

Bond German External Dawes Loan bond 1924 $1000 NOT CANCELLED "MINT CONDITION":<br />$130.0<br />Bond German External Dawes Loan bond 1924 $1000 NOT CANCELLED (DIFFERENT #') Under the Versailles Peace Treaty of 1919, the German Government accepted the responsibility to pay reparations to the Allied Powers for losses sustained by the Allied powers as a consequence of World War I. Because of Germany's dire financial and economic predicament following World War I, Germany was unable to fulfill the reparations obligations imposed on it by the Versailles Peace Treaty. To stabilize Germany's currency and economy, it was provided under the Dawes Plan that a loan of 800 million gold marks, known as the German External Loan 1924 (“Dawes Loan”), be made in international markets in various currencies. After the successful placement in the United States of America of 110 million U. S. Gold Dollars worth of the Dawes bonds, various municipalities, bank syndication's and corporations within Germany entered the international markets with nearly 100 additional bond offerings between 1924 and 1929. The German Government honored its obligations under the Dawes Loan through April 15, 1933, in accordance with the provisions stipulated in the instrument. Thereafter, the German Government reduced its fulfillment of its obligations to the bondholders, and by official letter dated June 14, 1934, the German government totally breached its obligations under the Dawes Loan agreements by suspending the remaining interest payments. From 1934 to 1941 attempts were made to pacify investors. Offers were made to bondholders who allowed their bonds to be stamped “U.S.A. Domicile 1st October 1935” whereby the bondholder would receive some cash and mostly blocked currency “script” of the Nazi regime. The American bondholders were openly discriminated against in spite of formal protests by the American Government.PLEASE NOTE: I'm not a bond expert and make no promise authenticity or past, present or future value. Worst case you have a nice piece of history. Condition is mint. AS-IS. Thank you for offerding and Good Luck! MY Standard Shipping is First Class or Priority =USPS both with Tracking and Insurance. I will combine Shipping ! response: I am an honest seller for over 14 years, try to describe every item best as I can. If you are not completely satisfied PLEASE contact me prior to leaving response. I am easy to work with, I will make things right. I work hard to make sure your experience is a GREAT one, if for some reason it is not please just e-mail me! I will leave POSITIVE response, when you pay. I strive for EXCELLENT CUSTOMER SERVICE, and will package your items with great care!!!! These bonds are advertised elsewhere and reserves the right to end the sale if sold.

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German Bonds

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