JUNTA IN CHILE.

Auckland Star, Volume LXIII, Issue 140, 15 June 1932, Page 7

JUNTA IN CHILE.

CONCERN IN BRITAIN.

Confiscation Measures Raise

Strong Protest.

MOST SERIOUS VIEW,

(British Official Wireless.)

RUGBY, June 14.

A grave view is taken in London of the confiscatory measures outlined in decrees issued by the new Junta in Chile. This was expressed by the Under-Secretary of Foreign Affairs, Captain R. A. Eden, in the House of Commons yesterday.

Captain Eden said' the first decree declared the Central Bank to be the State Bank, retired the shares of Chilian and foreign banks and private individuals at their nominal value, and ordered bonds to be given in exchange, suppressed the directorate and abrogated complete control to the Junta.

The second decree similarly took over all foreign currency deposits in all the banks.

The British Government had not entered into official relations with the present Government of Chile, said Captain Eden, but the British Charge d'Affaires at Santiago had been instructed to inform the Government that the British Government would take a most serious view of these confiscatory measures, and if they were carried through would strongly support a demand for full compensation for the British interests affected.

In reply to representations respecting the protection of British lives and property in Chile, the British Charge d'Affaires had received an assurance that adequate police protection would bo provided for British subjects.

A message from Santiago states that Senor Kollando Medino, Minister of the Interior, lias been chosen by the Revolutionary Junta to bo head of Chile's new Socialist Government. The post was rendered vacant by the resignation of Senor Carlos Davila.

NEW HOPE

Assurance Given to Foreign

Interests

"NOTHING- DETRIMENTAL."

(Received 11 a.m.)

SANTIAGO (Chile), June 14,

The revolutionary Junta was completed again on Tuesday and new hope was extended to foreign investors. The Finance Minister, Senor Alfredo Lagarrigue announced that nothing detrimental to any foreign interest was in immediate prospect. He also announced that the Junta's previous plan to take over the Central Bank and fuse it with a newly-formed State Bank would be dropped. The Central Bank would continue to function independently.