ITALIAN CREDITS
RECALLED BY ONE OF “BIG FIVE” Received Aug. 22, 9.15 p.m. LONDON, Aug. 22. In view of the serious deterioration of Italian exchange, one of the “Big Five” banks has recalled its entire Italian credits. The other banks arc expected to follow this lead. The decision is due to economic, and not political considerations. The banks do not desire a repetition of the losses incurred in the Germa/ii financial collapse.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19350823.2.78
Bibliographic details
Wanganui Chronicle, Volume 79, Issue 197, 23 August 1935, Page 7
Word Count
72ITALIAN CREDITS Wanganui Chronicle, Volume 79, Issue 197, 23 August 1935, Page 7
Using This Item
NZME is the copyright owner for the Wanganui Chronicle. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.