GREATLY RESENTED.
Italian Decree Concerning Foreign Credits. (Received December 10, 2 p.m.) LONDON, December 9. The British UnitW. Press correspondent at Rome says: “There is much resentment regarding the decree that all Italians resident in Italy must surrender, within ten days, all credits held abroad, for which they will be compensated in lire. The decree threatens temporarily to disorganise tourist trade and the operations of Italian branches of foreign banks. Among those most affected are American heiresses who have married Italian noblemen. It is estimated that the decree will give the Government the control of £20,000,000 of Italian investments in the United States, largely consisting of the fortunes of “ Dollar Princesses.”
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Bibliographic details
Star (Christchurch), Volume LXVI, Issue 20484, 10 December 1934, Page 7
Word Count
111GREATLY RESENTED. Star (Christchurch), Volume LXVI, Issue 20484, 10 December 1934, Page 7
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