The steady decline of the Peseta from 43.8. to £1, at which it was quoted a fortnight ago, to 46.5 yesterday morning, ascribed peculators to the exploiting of the stability of the political situation and the difficulties connected with a return to constitutional govern ment, here produced dramatic developments.
The Premier, General Berengus yesterday dashed back to Madri from Santander, where he was spending a holiday, after which a decree appeared establishing "a regularing centre" armed with wide powers to prevent speculation in the currency of the country.
'A further sensation was caused to-day by an official announcement of the resignation of the Minister fof Finance, Senor Arguelles, as the outcome of a meeting of the Cabinet last night.
General Berenguer left again for Santander to-day after an interview vith King Alfonso—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.