Word: kroner
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Dates: during 1930-1939
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...Navy mobilized for emergency, plus armament purchases and providing urban Swedes with gas masks and air-raid shelters, had largely done the job. Finance Minister Dr. Ernst Wigforss announced that since he reported balance to the Riksdag last January, the Kingdom had fallen in the red 600,000,000 kroner...
...total expenditure carried in Sweden's last normal budget was 1,340,000,000 kroner. Dr. Wigforss asked the Riksdag to authorize a loan of 300,000,000 kronor, and plans to raise the remaining 300,000,-ooo needed to cover his "emergency deficit" by drastic taxation, particularly by upping the already high and unpopular Swedish taxes on liquor, tobacco, coffee, sugar. Liquor is sold by the famed Swedish State Monopoly and in angry protest at the deficit taxes last week 200 sailors from the Swedish battleship Manligheten ("Manhood") returned their motbocker or liquor ration books to the State...
...ring by "a German shipping firm in New York": $750,000 worth of bonds, mostly Pennsylvania R. R., Illinois Central, Cities Service, Bethlehem Steel. It gave him three ranches in South America; $1,225,000 in a bank at Sao Paulo, Brazil; $1,000,000 in Swedish kronor, Danish kroner, Dutch guilders and Belgian francs in Banco di Sicilia's branch at Trieste and A. B. Svenska Handelsbanken's branch at Malmö, Sweden. He was said to have safe deposits in Zürich, Chicago ($450,000) and at Sumitomo Bank, Ltd. in San Francisco...
...Swedish match business was divided between a great number of small individual match factories and the large combine of Jönköping. Just before the War Ivar Kreuger had managed to combine the smaller companies into the United Swedish Match Factories, with a capital of four million kroner. This company, like its rival Jönköping, was faced with War-created difficulties in getting raw materials. But Kreuger made deals with belligerents, guaranteeing to supply them with matches in return for raw materials...
...December 1917, the new combine had built itself up to the point of amalgamating with Jönköping on very favorable terms. The new trust, called the Swedish Match Company Ltd., was capitalized at 45 million kroner, and Kreuger emerged as boss. Faced with renewed competition after the War, Kreuger took advantage of depreciated currencies to buy up match factories and real estate in Poland, Belgium and Germany. He emerged from the War as the match king of the world-to fail and go crooked in the 1929 depression...