ITALIAN CREDITS

Hokitika Guardian, 11 December 1934, Page 5

ITALIAN CREDITS

MUCH RESENTMENT CAUSED.

(United Press Association —By Electric Telegraph—Copyright).

LONDON, December 9,

. Tile British United Press correspondent at Rome says there is much resentment regarding the decree threatening to temporarily disorganise tourist trade, and the operations of Italian branches of foreign banks. Those most affected are American heiresses married to Italian noblemen. It is estimated the decree will give the Government control of £20,000,000, the Italian investments in the United States largely consisting of the fortunes of the “Dollar Princess”.

hov t public 'Regards it

LONDON, December 10

. The “Financial Times’ ” correspondent at Rome says the credits decree has aroused wife resentment. Bankers regard it as a threat of State-con-trolled banks, and 'business men as a blew to trade,* and individuals and as a- loss of one," of their few remaining liberties.