Owing to the decline in the price of sugar in Cubs, President Monocal issued a moratorium proclamation. Several banks which had loaned heavily on the | sugar crops, were subjected to runs, and |it was thought wise to avoid all danger !of serious developments by imposing I restrictions upon the collection of obligations and the withdrawal of funds by depositors. An arrangement was then made under which Cuban Government bonds will be sold in the United States for investment purposes. Mr. W. J. H. Reynolds, of the l_r_ers' Co-operative Anction-sering Company, Hamilton, is at tbe Grand HoteL
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19201204.2.55.4
Bibliographic details
Auckland Star, Volume LI, Issue 290, 4 December 1920, Page 7
Word Count
96Page 7 Advertisements Column 4 Auckland Star, Volume LI, Issue 290, 4 December 1920, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in