SOCIALIST POLICIES
NEW CHILEAN GOVERNMENT BANK GOVERNORS DISMISSED. SANTIAGO (Chile), June 9. The new Socialist Junta to-day ordered all deposits in foreign currency at the various banks to be turned lover to the Government. The banks were instructed to give depositors pesos at the legal rate in exchange. The Government has thus begun to put its Socialist policies into operation. The Central Bank, which was created in 1926, has been taken over and the board of governors dismissed. The junta will name a new board, which will operate the bank along lines similar to the Central Bank. The provincial authorities have been directed to suspend taxes on properties whose owners have not enough money to pay. School teachers have been informed that an important part of their work henceforth will be the directing of education toward j Socialism in order to form a public conscience which will support the new Socialist Republic.
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Otago Daily Times, Issue 21668, 11 June 1932, Page 11
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152SOCIALIST POLICIES Otago Daily Times, Issue 21668, 11 June 1932, Page 11
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