SPANISH REPUBLIC

Greymouth Evening Star, 23 April 1931, Page 9

SPANISH REPUBLIC

’ CAPITALISTS. PERTURBED. [by CABLE —-PRESS ASSN. —COPYRIGHT.] MADRID, April 22. The flight of capital from Spain continues. The banks are being over- [ whelmed with applications to transfer property and shares, and to mortgage! property. The - .lister of Finance has appealed to.the Banks to advise their clients to "go slow.” He is threatening severe penalties if capital is exported. Several serious bankruptcies are reported in Barcelona where the falling exchange is worrying the business men. Everywhere enterprise is at a standstill, pending a stabilisation, which cannot be achieved till Parliament meets. ANTI-MONARCHIAL DEMANDS. MADRID, April 22. Republican Socialists suggest the accumulation of arms for issue to one hundred and fifty thousand workmen in the event of emergency. The Republican Socialist Organisation has issued a manifesto demand ing the inexorable punishment of the old regime, not excepting Alfonso. I f is contended that there is grave suspicion that he committed political offences, and also misdemeanours under the common code in illegal transactions during the three dictatorships. EX-CHIEF OF POLICE ARRESTED MADRID, April 22. General Mola, the ex-Chief of Police, has been arrested in connection with the action of the police during the recent riot in which students were killed. . U.S.A. RECOGNITION WASHINGTON, April 22. The United States has presented the official recognition - to the new Spanish Government. ALFONSO IN LONDON RUGBY, April 22. 1 King Alfonso, who spent a day in London, shopping and paying personal calls, is expected to visit Princess Beatrice at Torquay this week.