HELPING EACH OTHER
JAPAN’S BANKS CO-OPERATE MORATORIUM IN OPERATION By Cable. —Press Association. —Copyright TOKIO, Monday. The banks in Japan which were not closed before the moratorium was declared are working under its limitations. These permit of ordinary business and withdrawals of sums up to £SO. There is no excitement, but a few of the savings institutions are crowded with small depositors. All the large banks have combined and agreed to support each other, and also the smaller institutions. The Bank of Japan is guaranteeing loans to meet all the demands of the solvent banks. The total deposits in the banks which closed last week amount to £80,000,000. The Finance Department is preparing a Government bill for presentation at a special meeting of the Diet to authorise the Bank of Japan to give support to the extent of £50,000,000. —A. and N.Z.
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Sun (Auckland), Volume 1, Issue 29, 27 April 1927, Page 5
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142HELPING EACH OTHER Sun (Auckland), Volume 1, Issue 29, 27 April 1927, Page 5
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