ITALY: Reduced Rents

Signor Benito Mussolini's Cabinet passed a series of decrees last week compelling all Italian landlords to reduce rents on their properties by July 1, 1927, thus:

1) 15% on apartments of not more than five rooms;

2) 10% on apartments of more than five rooms and less than nine rooms;

3) 20% on the premise's of shops selling "foodstuffs and household necessities";

4) 10% on stores in which "luxury merchandise" is sold.

Significance. When Signor Mussolini became Premier, five years ago, he found building at a standstill, due to the restrictions imposed by previous...

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