HUNGARY: Sound Crowns

On the London Stock Exchange, Hungarian and Austrian crowns* were quoted at par for the first time since the clatter of Armageddon first disturbed the world. In Manhattan, Dr. Paul Hollos, Budapest banker, spoke at New York University, said that demands for U. S. capital would continue for a decade. He painted a rosy view of Hungary's financial reconstruction, concluded by saying that bank deposits had increased tenfold during the past year as a sign of domestic and foreign confidence in the country.

* This refers to new gold currencies.


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