ON ACCOUNT.
FRENCH MONET FOR BRAZIL.
By Cable.'—Press Association. —Copyright,
(Received March 30, 10.20 a.m.) RIO DE JANEIRO, March 29
A group of French "banks are ad\ancing Brazil £1,500,000 immediately towards the proposed loan of twenty millions.
[There is a financial crisis in Brazil. The European purse-strings have been pulled tighter, and money is being hoarded to an astonishing extent. The banks hold only about 20 per cent, of the currency. The money in circulation is calculated at £26,000,000, and is literally locked up in boxes. Firms importing safes and strong-boxes are unable to meet the demand.]
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https://paperspast.natlib.govt.nz/newspapers/SUNCH19140330.2.74
Bibliographic details
Sun (Christchurch), Volume I, Issue 45, 30 March 1914, Page 8
Word Count
97ON ACCOUNT. Sun (Christchurch), Volume I, Issue 45, 30 March 1914, Page 8
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Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
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