The Archive · 1928

Italian Developments

Rome, Jan, 6, Italy's return to the gold stand-lard has been followed by a Decree requiring all public, social and commercial institutions to obtain Government authority before negotiate ing loans abroad, Such authority' will not be necessary for ordinary operations of discounting bills of exchange, opening banking credits. or granting: delayed payments for the purchase of goods so long as. the latter operations are concluded within a year. Only loans for productive objects in the general interest or to increase exports _o: develop production within the Kingdom of products which would otherwise be imported will be authorized—Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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