Word: lire
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Vatican Strike. Forty Vatican gardeners went on a, 24-hour strike last week to "demonstrate" that their daily wage of 14 lire ($.50) for nine hours work is too little for existence. The Vatican, free of Fascist suzerainty, is now the only Italian spot where strikes are not illegal...
...Roumanian government placed orders for five Italian submarines last week, negotiated the purchase of two old but reconditioned Italian destroyers, proposed to cover this deal financially out of the promised 200,000,000 lire Italian loan to Roumania (TIME, May 22, ITALY) which was projected as soon as the Italio-U. S. debt agreement was signed...
Loan. Premier Averescu of Roumania announced that the Italian government has "voluntarily and unconditionally" offered to the Roumanian government a loan of 200,000,000 lire (some $8,000,000), to be amortized in 15 years (Italy is given 62 years to make part payment of the U. S. loan to her). Italy will get 8% interest...
...million lire was appropriated by a Cabinet order last week to be employed upon public works in the picturesque but badly run down Sicilian city of Palermo...
...Appian way is to be restored at the sacrifice of some ugly modernity now surrounding it. Excavation is expected to reveal the Circus Maximus and the Forum Olitorium. Construction is planned to raise among them a new Academy of Fine Arts. This represents a Fascist extravagance of ninety million lire...