Ins. 120 Millions Paid Off and Plenty Left for Heirs Berlin, Aug. 31.
'The banking consortium entrusted with the liquidation of the Stinnes concern announces the successful completion of its labours, whereby the companies' debts of ' 120,000,- 000 marks will be paid in fall and further 20,000,000 is expected remain to the credit of the Hugo Stinnes heirs.
The unexpectedly successful result is due to the utmost exertions the consortium of 22 banks, who realized that a catastrophical result followed if they bad tated that the Stinnes business will be floated a company with a capita'
26,000,000 marks, a large part, of the shares being handed to the Stinnes family after the creditors the old concern have been paid off. Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.