FINANCIAL CRISIS
LEAGUE OF NATIONS MEMBERS’ OBLIGATIONS NOT MET DANGER OF BANKRUPTCY (United Press Assn.—Telegraph Copyright.) (Rec. 7 p.m.) London. September 26. The Geneva correspondent, of the Daily Express, referring to the League financial crisis, states that the League of Nations Council was officially informed that another such year would cause the League to go into bankruptcy. The current year started with £944,000 owing to the League, and only 11 countries out of 56 have paid the full current year’s subscription. Britain, who has the largest subscription with £182,000 has paid, but France, Italy, Japan, South American republics, New Zealand and Australia all owe money. Thus far only 43 per cent, of the subscriptions has been paid. The League expects France, Italy and Japan to pay. but the position of the majority of the others is doubtful or bad.
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Southland Times, Issue 21822, 27 September 1932, Page 5
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139FINANCIAL CRISIS Southland Times, Issue 21822, 27 September 1932, Page 5
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