THE ARGENTINE REPUBLIC.
■ ■» —■ , NEW SCHEME OF FINANCE.
(rat pbbss Asaocxttiozt.) Received i)soaaiber sth, 10.30 aLm* London, December 4.'
A number'of French and German financial houses have withdrawn from the Committee which has been engaged in investigating the state of the finances o£ the Argentine Republic. The members of the English houses Who remained on the Committee have advised that no preferential -security should be offered over the existing creditors, and recommend the finding of coupons for national external bonds for a period of three years. They suggest that in the meantime the inflated paper currency should be curtailed. .
ReoeiveS December cdi, 1.10 4.1&, .- It is andwatood tbe Argentine fioreirriment will theCommittee'e and issue a, loan for twelve millioos oil the security of the Customs tojaSeet THs paper currency will be reduped, and no farther barrowing nadertaken for three years.
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Press, Volume XLVIL, Issue 7728, 6 December 1890, Page 5
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139THE ARGENTINE REPUBLIC. Press, Volume XLVIL, Issue 7728, 6 December 1890, Page 5
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