Word: kroner
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Dates: during 1920-1929
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Thumbing the slender volume, King Christian may well have reflected with warmth in his heart that he receives as King of Iceland some 60,000 kroner a year ($16,000) from his Icelandic subjects who thus retain their actual freedom while united, through the person of the King, with Denmark, their potent protectress...
Iceland, as extensive as Ohio, as populous as Schenectady, has its own Parliament (Althing),* its own Premier, its own Lutheran Bishop. Fifty flourishing savings banks, universal old age pensions and the University of Reykjavik attest the prosperity of Icelanders who export 58,000,000 kroner worth of fish, horses, sheep, hides, oils, tallow, and expend only 50,000,000 kroner annually on imports...
...Sweden, where remarkably pure steel is made, the Swedish Steel & Iron Trust took form, a 127,000,000 kroner ($34,000,000) organization. No Swedish steel concern will henceforth compete with a compatriot organizer...
...present the "Bratt Monopoly" pays a fixed return of 5% to shareholders, and to the Government all surplus profits-totaling some 112,000,000 kroner ($30,000,000) annually. Because of the easygoing temper of the people, the "Bratt system" has occasioned little friction, has reduced the consumption of alcohol 50% in such cities as Stockholm, and appears to ration out alcohol in just sufficient quantities to make smuggling unprofitable. This "golden mean" of Swedish "regulation" contrasts sharply with Norwegian "prohibition" of all liquors of more than 45% alcoholic content. In Norway, though wines and beers are at everyone...
...increasing the taxes on alcohol, business transactions and practically everything else; 2) The franc slipped down last week to 27 to the $1, a new low record for the year. The relative stability of numerous foreign currencies, prompted the harassed Jean to transfer his currency into pounds, gulden, Scandinavian kroner, U. S. dollars...