European Stars And Stripes (Newspaper) - June 19, 1948, Darmstadt, Hesse Page 12 to life stars and stripes june 194j of Vizonia chief Backst Reform turning Point seen by Pender june 18 Herrnann top German administrator of urged Ger mans in address tonight to have Confidence in the new Money although it was almost entirely an Allied am sure the new Money will Mark a turning Point for Western Germany if everybody is confident in the conversions Puen Der Pender expressed regret that Only a few German recommendations had been approved by Allied experts working on the Money re form he added that although various warnings from the Ger mans have not been i think the Reform will be cig Aret prices skyrocket on Stuttgart Black Mart june 18 Small tune Black marketers sky rocketed the Price of Cigar ets to and Marks a Carton As news of the impending currency Reform spread throughout the City anxious crowds of housewives and others mobbed what few stores remained but most store keepers Hung sold out signs on their doors and closed up it been impossible to buy Many including for several Stock having been mysteriously bavarian storekeepers hold goods for new Mark june 18 announcement tonight that currency Reform will come on sunday came Arno Surprise to Black marketers today were of Fering 700 Marks for one scrip Dol and the Price of a Carton of Cigar ets had doubled to for three Days German motorists have Beeh unable to obtain Gaso line and housewives have found Little to buy with their ration storekeepers took their goods out of the window and were waiting to sell it for the new after 35 Days on life raft diet three of the 11 survivors of an army ration test sit Down to a meal after living 35 Days on a diet of special pm rations designed to keep men alive life raft Thomas Mcgavack left and David Shwimmer talk with the three soldiers left to Melvin William Rohr and Frank Hamburg operators sure x stay in business 18 German Black marketers Here were confident they would not be put out of business by currency they knew All details from their own sources Well before official press announcement there were no surprises in one big operator we Are going to stay in he pro hers seek crash cause continued from 1 mrs Warner Learned the plane had Warner often listened to her husband Radi oing from his among the dead were theatrical producer and revue King Earl car actress Beryl and Vanita former wife of film Star Jack others killed included Henry former Cambridge University student who became mens fashion editor of and of new world famous As a maker of theatrical masks and a correspondent who examined the scene described a pile of rings and bracelets gathered from the fire scorched area around the crash polish newsprint for zone june 18 danish Steamer Golsen sailed today for Bremen with 700 tons of news print sold by Poland to american military government in protest strike staged in Paris continued from pastel members to the the incidents in the Assembly came during a speech by a who defended actions of police at Cle Montferrand and charged the strikers with using sulphuric acid Gas against the mocha words wer Jaar Ely audible above the torrent of abuse from the in Cle Montferrand the situation was gradually returning to London docks paralysed army May move food i june 18 tied docks today and the British labor Cabinet was expected to Call out the army to keep the cites food ration from rotting on the paralysis of the great was completed late today when the last remaining Dock joined the swiftly spreading unofficial some 230 Many of them carrying food were tied 3zone Mark announced by allies j 24 Bri bus Par continued from Page 1 new for americans and other authorized to hold american Mili tary scrip will be 30 cents each the Only other value set was of old 1mark notes arid coins up t 1 to prevent a temporary shortage in Small the Law said they would be accepted a on tenth their nominal value Stamps will also be accepted a on tenth their sir Eric British financial said the 10 per Cert figure is in no Way an indication of the conversion Berlin wont get new Marks the City of Berlin will not receive the new because it is under fou Power an Omegus official the City How continue to share the benefits of the recovery program stands behind the new cur the russians were told this noon the new Money was being released Bennett the new Marks were printed in the almost a year at the time we hoped that Al Powers take part in currency Bennett but every Power was not he said the hew Money did not look like occupation they Are Nice looking notes of european they a pretty woman on one Bill Man on another i cannot Tell you the color of them Bennett said in spite of old currency is still Good in Berlin areas continued from Page will assure that the currency Reform does not apply to that the Reform is not intended to impair the fou Power Rule or occupation of Berlin and that the reichsmark will continue to be Ber Lins currency and will continue to be accepted in the Western zones for All food and other shipments to the Western Powers also will ask Russia if she intends to Reform Eastern zone twas and if so what effect this will have on the answer will provide the first soviet reaction to the Western this mornings Taglicht official news paper of soviet military govern quoted marshal Vassily Sokolovsky As saying that a separate Reform in the West would mean the splitting of Ger Price of butter of the Black Market Rose from 200 to 800 Marks the american Dollar jumped from 700 Marks to Coffee sold for Marks a to the merchants fears was a Rumor that the four Powers would establish a new currency for Berlin Mark to be used in the City or Case there is one Mark for Eastern Germany and an other for the Western Berlin Mark rumoured asked to comment on Keith British mrs Deputy Fin Ance said he did not regard the possibility of a Mark As headed that the problem was one for the cites Anderson told a press conference he held with the american and French Deputy finance chiefs that unless new events took place the Mark would not be introduced into the Western sectors of along with to Fisher american Anderson Stres sed he saw no reason Why the new currency should cause any difficulty in Trade Between Berlin and the All three of the Western Mili tary governors informed Sokolovsky in separate letters sent this after noon of the step they were taking sir Brian British military told the soviet commander Berlin would be unaffected the new i recognize the special Circum stances of quadripartite govern in Berlin and have no wish to disturb it unless this becomes Robertson it will be my first care to insure that All appropriate measures Are taken for the Ornain a tenancy of Trade and Exchange be tween the British zones and Berlin and Between the British and Sov Iet Lucius clays letter was not made numerous rumours that boxes of the Money lost and stray Bills were already in not a single Bill is actually the Deutsche like its will be divided into 100 moratorium on debts because All old Marks must be in by june tonight authorized a moratorium of one week on All financial obligations in old during that week it will be against the Law for any debts to be germans were told they May not take any of the old currency in or out of the Western zones at the penalty of jail sentences up to five years and fines up to new other Money held by including Money in savings accounts in savings and postal savings will be converted into Deutsche Marks at a later the conversion Bennett will drastically reduce the total a fount of Money in Coates added he expected quite a bit of unemployment to result from this measure in the very but it should straighten out within six he said it would strengthen the Bennett said the Money has no Metal it is he mostly on Germany future productive the ability of the and miners and Farmers and the great assistance of the Marshall wages and salaries must be paid in the new currency As of wage and salary paid on a bimonthly or monthly basis in will be reimbursed 70 per cent new currency for the Days r Between the 10th Day after currency Reform and the next pay no Price changes Bennett stressed that prices were not being changed by the cur Rency All administrative reg1 the new currency will merely replace the he Coates said there might be some difficulty continuing Trade with the soviet zone until the Mone tar situation is More he the soviet com and Western zones Exchange Good of equal value each he said he could pred whether there would be a russian currency the door is not closed to thai to enter with us Coates sai4 business enterprises up ii receive advances to tid them Over according to the this Aid will depend on the number of employees and the size of a Cerns holdings in old the bipartite economic Agency said they will receive Marks per the total Wai not to exceed the concerns holding in old tax Reform promised Coates said the germans Hairup been asked by various my to work out plan for Tion of financial burdens within s6r months after currency Reform into he described plan As heavy taxation on property owners so that owners of properly without monetary holdings do not Benefit tax Reform will follow As soon As Coates the German radio began Broad casting instructions tonight and the German press will carry cont plete instructions tomorrow so that the Steerage German will be abbe to collect his 40 Marks j individuals and companies will be allowed Only one appointment with Bank officials to turn in any old Marks not turned in on the first visit will be declared Bennett said an investigation will be made of Large Mark Dps hear reforms the bipartite economic age said that while it is forbidden to import or Export old it of permissible to dest ones holdings of old Money inst of turning them Dps living in Camps were read the currency Law tonight and it wid be further announced Nycamp be affected 1 i j i f 1 co Fiol in by la id dec Fil re cd in s the currency Reform in the manner As the German separate instructions will be issued for occupation the bipartite announcement said that although Berlin will not be included in the new currency form for the time being the three military will take All to maintain and berlins economic ties with the West which Are vital to the welfare of the Berlin different Ujj Bennett said he had no ides what it will Cost to Supply the important he in that because of Thi Western zones have received very ittle in return payment from in for some i dont feel cure Rency Reform will make any we will continue to receive next to Heidelberg fire halts army classes june 18 As a result of the fire damaged the new University no at Heidelberg copied by the classes in the army education program Norm iced there will be discontinue announcement to this effect is made today by the Heidelberg p education which said Vance notice of resumption classes will be testing ser ice on ged tests As Well As Endo course Musafi tests will con time at the army education duty classes at the conservatory boxing and classes will continue As
