CHILEAN JUNTA

Southland Times, Issue 21729, 15 June 1932, Page 7

CHILEAN JUNTA

CONFISCATORY MEASURES. CONCERN IN BRITAIN. (British Official Wireless.) (Rec. 5.5 p.m.) Rugby, June 13. The grave view taken here of the confiscatory measures outlined in the decrees of the new Junta in Chile was referred to by the Under-Secretary for Foreign Affairs, Captain Eden, in reply to questions in Parliament. He said decrees had been issued, firstly, declaring the Central Bank to be a State Bank, retiring the shares of Chilean and foreign banks and private individuals at their nominal value and giving bonds in exchange, and suppressing the directorate and arrogating complete control to the Junta; and secondly, similarly taking over all foreign currency deposits in all the banks. “His Majesty’s Government has not entered into official relations with the present Government,” said Captain Eden, “but the charge d’affairs has been instructed to inform it that his Majesty’s Government takes a most serious view of these confiscatory measures, and if they are carried through it will strongly support a demand for full compensation for British interests affected. In reply to similar representations respecting the protection of British lives and "property, his Majesty’s charge d’affairs has received an assurance that adequate police protection will be provided for British subjects.” NEW GOVERNMENT LEADER SELECTED. (Rec. 7.0 pm.) Santiago, June 13. Rollando Medino, Minister of the Interior, has been chpsen by. the revolutionary Junta to fill the place as head of Chile’s new Socialist Government vacated by the resignation of Carlos Davila.