LATE MESSAGES

Greymouth Evening Star, 11 March 1933, Page 8

LATE MESSAGES

OTTAWA, March 10. A year’s moratorium on interest payments by soldiei- settlers will be put into effect by the Dominion, according to a. resolution placed on the order paper of the House by the Minister of Labour. CALGARY, March 10. The City of Calgary requested the Dominion Government, to-day, to give the city sufficient gold to retire 781,o(io dollars Calgary debentures, held by the Royal Bank of Canada.

WASHINGTON, March 10

The Washington Reserve Banks are directed to make loans secured by direct. obligations of the Government, and to conduct such other business as is necessary to make sure of the transactions by banks for necessities. This is the first step in the plan for complete re-organising of sound banking institutions. The new money legalised by the Banking Act is being rushed to the banks in various sections of the country Io allow them to open. Mr. Roosevelt expects a reopening of the hanks on a. gradual basis, in all; probability on Monday. He asked the I people not lo become concerned if a I

hank did not open on Monday or Tuesday. it would require time in some instances to determine the complete condition of some banks. No immediate payment of gold or gold certificates are io be imide. The bar. on exports and against hoarding stands. Mr. Hull said to day that asoon as banking facilities were «<•[- tied, the administration will begir diplomatic conversations with various nations to form a. basis for the success of the World Economic Monetary conference.