Match Dividend

One month after Ivar Kreuger shot himself to death in his Paris apartment in 1932, Manhattan's Irving Trust Co. was appointed receiver to conserve the assets of International Match Corp., the Swedish swindler's principal U. S. sinkhole. According to Kreuger's handmade balance sheets, Match was a $200,000,000 concern with world-wide properties. Discovering only $9,871 in cash, the receivers searched the wide world for other Match assets. It disputed the claims of Kreuger & Toll. It accused the German Government of "flagrant discrimination" between Swedish and U. S. creditors under the famed "Kreuger Loan," biggest single Match asset. And by last week Irving Trust had salvaged $8,000,000. For the benefit of Match creditors it recommended a "first dividend of approximately 1%.

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