Oct, 19.
LOCAL HHeensed banks were informed by the Stabilization Board that the Board was prepared to give favourable consideration to bona fide applications in respect of pre-August 18 commitments of importers the exchange for which has nat already been covered either before or since that date from any source specifically for a stated transaction or otherwise.
It was further stated that as soon as aggregate figures were available for each bank the authorities of the Stabilization Board would pass upon this matter.
This measure thus presents itself as a further step towards a clarification a moot point which gave rise to many controversies. On the one hand, the banks had to comply with the roqulations of the Stabilization Board, and on the other they had to clear their books.
Text read from the printed page and cleaned; old type leaves the occasional error.