CUBAN LOANS
U.S. INQUIRY MAY RESULT. (United Press Association —By FJectrio TtMeerqph—Copyright*) WASHINGTON, October 89. The possibility that the Caban loans revelations might result in a Senate inquiry into the finances of Mexico is mooted hero, Mexico’s foreign debt has bee n in default for twenty years, and exceeds 778 million dollars. An international committee of bankers in Mexico was created owing to the debt situation in 1925. The Mexican Minister of Finance recently issued a statement; ‘‘Revelations before the Senate will be tame icompared nvith what Mexico could reveal • regarding the work of North American bankers. I may denounce them at Monte Video, where the PanAmerican Conference continues. I understand that evidence is already laid before the Pecora inquiry and Senator Gore by certain American business men, showing that the Mexican Treasury was drained to pay charges on foreign debts at a time when 'the ountry’s finances,' particularly disorganised, resulted in two revolutions.”
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Hokitika Guardian, 31 October 1933, Page 5
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154CUBAN LOANS Hokitika Guardian, 31 October 1933, Page 5
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