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Asks Credit to Overcome Economic Distress

March 17, 1929
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The difficult situation in Czernowitz is being aggravated by the failure of the State Bank to grant credit facilities to the banks there. This complaint was voiced in the Senate by Senator Mayer Ebner. The State Bank, he said, is setting up difficulties with regard to applications for credit aid from the Czernowitz banks and industrial undertakings. At the same time, the screw was being put on in the collection of taxes. He asked the Minister for Trade to look into the matter, and to take into consideration the economic distress in Czernowitz and to arrange to make matters more easy for its population.

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