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North German Losses $11,000,000 Last Year

May 30, 1934
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The North German Lloyd line lost $11,000,000 during 1933 and is threatened with a loss of an equal sum during 1934, Karl Lindemann, chairman of the line told a general meeting of the company today.

“We will only be able to reach a solution of world trade when currencies are stable,” Herr Lindemann declared.

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