NEW BANKING CENTRE
Invitation to Foreigners SOVIET PLANS FOR MOSCOW Riga, Jan. 4. The Soviet is aiming at converting Moscow into one of the world’s international banking centres. The Commissariat of Finance declares that a number of capitalist countries have become unsafe for keeping and investing capital, and invites foreigners, harassed by currency restrictions, to transfer their money to the Soviet State Bank, which promises to pay seven per cent, interest on current accounts. "This,” says the Commissar, “is a much higher rate than is paid in any other safe country.” RUSSO-CANADIAN BARTER Negotiations Proceeding Ottawa, Jan. 4. The negotiations for the exchange of Canadian cattle for Russian coal and oE are proceeding. Mr. G. G. Serkau, of Winnipeg, head of the Canadian promoting syndicate, announced to-day. The decision on the merits of the scheme rests with the Canadian Government, he said.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/DOM19330106.2.50
Bibliographic details
Dominion, Volume 26, Issue 87, 6 January 1933, Page 9
Word Count
142NEW BANKING CENTRE Dominion, Volume 26, Issue 87, 6 January 1933, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Dominion. 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.
Log in