Word: transferred
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Dates: during 1930-1939
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Like misers in their closets, each little Central European government was trying to hoard its currency last week. Hungarians, always drastic and dramatic, were first to declare an actual "transfer moratorium." In Budapest handsome blond Baron Frederick de Koranyi (who in ornate Magyar costume on State holidays makes Magyar ladies' eyes dance) issued the Hungarian moratorium decree as Minister of Finance. It provides that for the next twelve months...
...Preferred treatment will be accorded holders of the other third of Hungary's long-term bonds, the Government undertaking to transfer payments in foreign currency of interest due on the League of Nations Reconstruction Loan to Hungary of 1924 and similar preferred bonds...
This moratorium was no surprise. Wall Street has expected some sort of Hungarian moratorium for months. The fact that it turned out to be only a "transfer moratorium," with pengo payments continuing to pile up in Hungary, softened the blow. But a blow it was. U. S. bankers have extended and U. S. investors hold roughly 25% of Hungary's short-term credits and bonds. On the total U. S. investment of $179,000,000 the loss or postponement of interest and sinking fund charges during 1932 will approximate...
...Hungary similar restrictions on private currency exports preceded the "transfer moratorium," and remained in effect last week. To the scandal of all Budapest it was suddenly discovered that the Countess Bethlen, a socialite playwright and wife of former Premier Count Stephen Bethlen de Bethlen, was outside Hungary on a literary lecture tour. Furious Socialist Deputies demanded to know what "sinister influence" had procured the countess enough foreign money on which to travel? Or was she a criminal? Had she secret deposits abroad? What of the new Hungarian law obliging every citizen to put such deposits instantly at the disposal...
...between two members, who if present would vote on opposite sides, to withhold their votes if one or the other is absent. A and B are paired. A is absent. B will not vote. But C, on B's side, is also absent but unpaired. B arranges to transfer his pair with A to C and then is free to vote, while the uncast votes of A and C cancel themselves out in the total...