Palestine securities are not included in the list of issues, published today, which must be deposited with the Reichsbank or its authorized agents under a new decree, the details of which will be published in the Reichsanzeiger (official gazette) within a few days.
Propaganda Minister Goebbels’ paper, Der Angriff, demanded that the extent of Jewish holdings of foreign issues be officially established because “there is no doubt that the Jews brought about the rise in prices of foreign securities in Germany, considering them the beat investment even at highly speculative prices paid in German marks.”
However, the belief prevailed in financial circles that the ordinance was motivated by a desire on the part of the Government to secure collateral for a loan to be floated abroad.
From information published here it appears that the owners of the securities will not receive cash on surrender, but only negotiable receipts in which they can trade if they can find buyers.
Holders failing to surrender foreign securities will be subject to fines and penal servitude in addition to forced confiscation of the securities, it was reported. Owners of securities held abroad will be obliged to transfer them to the Government’s account, with designated agent banks of the Reichsbank.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
