IN CHILE
SOCIALIST STATE,
THE NEW REGIME.
(United Press Association: —By Electric Telegraph.—Copyright.)
'.Received this day m 12. go p.m SANTIAGO (Chile), June 9. The new Socialist Junta, to-day ordered all deposits in foreign currency in the various banks to be turned over !to the Government. The banks are instructed to give depositors pesos at the I legal rate, in exchange. [ The .Government _ has begun to put j its Socialist policy into operation. Th e j Central Bank created in 1926 lias been taken over and the, board of governors dismissed. The- Junta, will name the , new Board which will operate the bank i along lines similar to the Central I Bank. Provincial authorities are dir- ! ected to suspend taxes on properties whose owners have not enough money to pay. School teachers are informed that the important part of their work ’ henceforth will be directed to education
toward Socialism, in order to form a public cbn-sciece which will support the new Socialist Republic.
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Hokitika Guardian, 10 June 1932, Page 6
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163IN CHILE Hokitika Guardian, 10 June 1932, Page 6
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