A majority of the shares in the Jewish-owned Hirsch Kupfer Messing Company, one of Germany’s largest metallurgical enterprises, capitalized at 12,500,000 marks, was sold to “Aryan” interests today.
The new “Aryan” owners acquired shares valued at 6,500,000 marks, but the announcement of the sale fails to mention how much was actually paid the Jewish owners who are now in Palestine.
Payment for the shares, it was announced, was made in German marks. This means that, under recently established exchange regulations, the money must remain in Germany in a so-called “frozen” account and cannot be withdrawn under the terms of the existing Palestine-Germany barter agreement.
Two other important Jewish firms were sold to “Aryans” today, it was announced here. One is the Remag Aktiengesellschaft which was founded by and belonged to the noted Netter family. The second is the Simson Company, clothing manufacturers of Muenchen-Gladbach.
Reporting the stories that define our era. When history unfolds in real-time, the Jewish world turns to JTA. Your support ensures we can document the complexities of war and the resilience of Jewish communities with integrity.
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.
