Item 58: Internment camp diary, October 1916-October 1917 - Page 92

<p>[Page 92]</p><p>that they even managed to talk the new republic into continuing the war. I&rsquo;m sure English money in the millions had to do the convincing.</p><p>The sale of the German-owned shares in Pacific Phosphate Co. in Nauru shows how the English tend to liquidate German property.</p><p>&pound;575,000 was made from<br />185,279 ordinary, fully paid shares;<br />186,006 ordinary 10/.- paid shares;<br />42,610 7% pref. shares;<br />19,535 6% pref. shares,</p><p>which were all bought by the City of London Real Property Co. In a footnote, the newspaper reports that the Company had made huge profits from the war and that the 10/.- shares were quoted at &pound;2.16.10&frac12; at the time. Thus the true value of the above-mentioned shares according to my reckoning is:</p><p>185,279 &agrave; 2 x &pound;2.17 -&nbsp;&pound;1,056,090<br />186,006 &agrave; &pound;2.17 -&nbsp;530,100<br />42,610 &agrave; &pound;1 -&nbsp;42,610<br />19,535 &agrave; &pound;1 -&nbsp;19,535</p><p>&pound;1,648,335</p>