CUBAN BONDS
AMERICAN BANK INQUIRY (United Press Association—By Electric Telegraph—Copyright.) WASHINGTON, October 25. Continuing the investigation of the Chase National Bank by the Senate Committee to-day disclosed that, faced with financial difficulties in Cuba in 1930, the bank sold forty million dollars' worth of bonds to the public, to retire the Island’s obligations to the Chase Bank. It was also revealed that the Chase Bank in retiring fifty mill or Cuban certificates, of witch the binkers held thirty millions, was paid out before the public, which held the remainder although the Bank’s holdings had later maturity dat»«. Mr Wiggin, because of public; criticism, today voluntarily terminated bis contract with tire Bank giving him a hundred thousand dollars per annum for/ life.
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Hokitika Guardian, 27 October 1933, Page 5
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121CUBAN BONDS Hokitika Guardian, 27 October 1933, Page 5
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