Swedish Pride Hurt
KREUGER’S FAILURE TO OBTAIN LOAN. DUE TO HIS RETICENCE. (Aus. * N.Z. Cable Assn.) STOCKHOLAf, Alarch 14. After fifteen minutes’ debate, both Houses of the Swedish Rikadag passed a Bill authorising the Governnfent to grant individuals or companies a short moratorium on debts. The Kreuger Told Company have asked a respite till the end of Alarch, which the Government will give. LONDON, March 14. The depreciation in the market value of 1110 Kreuger Companies’ shares since 1930 has exceeded one hundred million sterling. A “Times’’ correspondent says that had the late Ivan Kreuger admitted his difficulties his countrymen would have jumped to Ris assistance and averted his suicide, which is regarded as a sever© blow to Swedish national pride. He had vainly tried to borrow six and a-half millions sterling which was urgently needed for a repayment on April Ist to the Scandinaviska Krcditaktiebolsh-et, as otherwise he would not have been allowed to declare a dividend.
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https://paperspast.natlib.govt.nz/newspapers/GRA19320315.2.29
Bibliographic details
Grey River Argus, 15 March 1932, Page 5
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158Swedish Pride Hurt Grey River Argus, 15 March 1932, Page 5
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