CREDIT REFUSED
CITY OF CALGARY’S PLIGHT,
BANK OF MONTREAL'S STAND
(United Press Association—By Electric
Telegraph—Copyright)
(Received'Jail. ’4th.'at 12.5 p.m.)
CALGARY, January 3,
The - Bank of Montreal stood firm to-day in its refusal to grant the c.ty of Calgary any further' credit, unless it- met its obligations in New York in American funds.
• A letter to the mayor '(Mr Dawson) from the general manager of the Bank in Eastern Canada, ' reiterated the Bank’s refusal of any more credit to tide tire city through the present financial crisis.
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Hokitika Guardian, 4 January 1933, Page 6
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86CREDIT REFUSED Hokitika Guardian, 4 January 1933, Page 6
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