AMERICAN BANKS
MACHINATIONS IN MEXICO
THREAT OF DISCLOSURE
■ (Ecccivcd October 30, 2.30 p.m.) WASHINGTON, October 29. The possibility that the Cuban loans revelations might result in a Senate inquiry into the finances of Mexico was mooted here today. Mexico \s foreign debt, which has been in default for twenty years, totals over 778,000,000 dollars. An international committee of bankers on- Mexico was created to meet the debt situation in 1925. The Mexican Minister of Finance recently issued a statement iv which ho said: "The revelations before the Senate arc tamo compared with what Mexico could reveal regarding the work of North American bankers. I may denounce them at Montevideo." The PanAmerican Conference will shortly meet at Montevideo. It is understood that evidence has already been laid before tho Pecora and Senator Gore by certain American business men that the drains on the Mexican Treasury to pay the charges of foreign debts at a time Trhen tho country's finances were particularly disorganised resulted in two revolutions.
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Bibliographic details
Evening Post, Volume CXVI, Issue 104, 30 October 1933, Page 10
Word Count
165AMERICAN BANKS Evening Post, Volume CXVI, Issue 104, 30 October 1933, Page 10
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