Word: kronor
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...translated the 160,000 Swedish kronor he will receive, found it amounted to 101,520 marks ($40,608), cried again: "What can one do with so much money? I really have not thought of the possibilities. I have all the instruments and facilities that I need for my work...
...from 79 during 1932 to 101 today. Typical of pleasant surprises, to which Swedes are now growing accustomed, is the latest report of the State Railways. They were expected to earn 12,000,000 kroner during the fiscal year which began last July, actually cleaned up 15,000,000 kronor in the first four months...
...prevent inflation and keep prices stable inside Sweden. By May 1932. with inflation averted, Governor Rooth attacked his third objective-to raise the level of wholesale prices slowly and firmly, without increasing the cost of living. He cared nothing for what foreigners were willing to pay outside for Swedish kronor, except as foreign exchange affected internal prices. No modern nation had ever presumed formally to try to control wholesale prices. Governor Rooth's tools were only the usual central bank's powers to fix the bank rate, to buy gold and deal in foreign exchange...
...managed currency were obliged to admit that Sweden's production index, as compared with 100 in 1928, has come back to 95, highest of all Western nations except Russia (Britain- 92; U. S.-66). Furthermore, Sweden's unfavorable balance of trade dwindled from 203,000,000 kronor ($52,780,000 Roosevelt) in 1932 to only 11,800,000 in 1933. But for Sweden's upturn they had many other reasons: the great public works program begun in 1933; the thrift and conservatism of Swedes; the exemplary caution of Swedish savings banks; the huge cooperative union controlling nearly...
...investment company) and International Match Corp., they evolved a workable scheme and the moratorium was lifted. Creditors were not asked to scale down their claims; they will receive 6% interest, the principal will be paid off gradually out of earnings. Capital was reduced 75% to 90,000,000 kronor (about $15,500,000) by exchanging one share of new common stock for four shares of old. No dividends maybe paid until after creditors' claims have been pared 30%. The new board will include two British directors, U. S. interests will be represented by Swedish members. Many involved claims...