MEXICAN FINANCES.
NORTH AMERICAN BANKERS. WASHINGTON, Oct. 29. The possibility that the Cuban loans revelations might result in a Senate inquiry into the finances of Mexico was mooted hero- to-day. Mexico’s foreign debt, which has been in default for 20 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 in which he said: "The revelations before the Senate are tame compared with what Mexico could reveal regarding the work of North American’bankers. I may denounce them at Montevideo.” The Pan-American Conference will shortly meet at Montevideo. _ ■ It is understood that evidence lias alieady been laid before Mr Pecora and Senator Gore by certain American business men that tlie drains on the Mexican Treasury to pay the charges of foreign debts, at a time when the country’s finances were particularly disorganised, resulted in two revolutions.
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Manawatu Standard, Volume LIII, Issue 286, 31 October 1933, Page 7
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155MEXICAN FINANCES. Manawatu Standard, Volume LIII, Issue 286, 31 October 1933, Page 7
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