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Show MONEY PANIC IN CUBA 1 HALTS DEBT PAYMENTS HAVANA ( uba. Oct. XI. Blame foi FHIjB the Cuban linam i il crivis was placed -' Ba Ion "exaggerated estimates" of hank Ba , ing conditions in Hie decree issued last oOt&i night proclaiming a moratorium. I n tWT J ' der the decree, the government re HBb3 serves the right to declare off the uior- HV'V atorium. which will expire legally on BBfi December 1, or to extend the period. Bglt il deemed advisable. -"' I Present comlitions in Cuba, says the LVm decree, are said to be due In large par' BEDcti to ihe mass of business transacted dur- BBsr ing a slate of prosperity, the tightness EKl of foreign markets and the fall in the WM $3 price of sugar The amount of. curren- Lll deposits in Cuban banks Is'estimated Ok 11 at more than 8400,000)00 and the as- OBEf rets, including stocks, bonds, sugar E4Bsr .-nd other credits al more than $1,000.- V; - 000,000 fa During the mortorium period depoai Wm fir iorH may demand only ten per cent on BEwt current accounts and twelve per cent 8E8jU ci on savings deposits of less than 2000. jfr |