DUCE’S BOAST EMPTY
VIEW OF LOAN PLAN ETHIOPIAN DEVELOPMENT (Elec. Tel. Copyright—United Pross Assn.) LONDON, Aug. 28. “Signor Mussolini is passing round the hat,’’ declares the City editor of the News-Chronicle with reference to the announcement made yesterday in Rome of a decree authorising the issue of special Italian Treasury bonds in foreign currencies on foreign markets. “lie has signed a decree authorising the issue of bonds in foreign currency for necessary amounts to develop Abyssinia. The boast that Italy would be able to exploit the conquest from her own resources has quickly proved empty. “The loan will not appeal to the London market as the Foreign Loans Committee could not grant permission in view of Britain’s non-recognition of the conquest of Abyssinia.
“Similar difficulties ariso in Paris, and therefore it is expected that Italy will concentrate on New York, despite the fact that Italian bonds there are quoted on a 9 per cent basis.
“The bonds have a term.of one to three years, but the security of repayment is obscure in view of the cessation of the publication of Italian Treasury and other statistical returns. ’ ’
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Bibliographic details
Poverty Bay Herald, Volume LXIII, Issue 19106, 29 August 1936, Page 5
Word Count
186DUCE’S BOAST EMPTY Poverty Bay Herald, Volume LXIII, Issue 19106, 29 August 1936, Page 5
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