Show r JUNTA STARTS OPERATION OF NEW POLICIES Chilean Regime Launches Socialist Program in Country B Br fir Associated Press SANTIAGO Chile June Junc 9 Chiles Chile's Chiles Chile's new government began to put Its so socialist socialist so- so policies into operation today The Central bank created in 1926 on the advice of Professor E. E W. W Kemmerer Kemmerer Kem- Kem the American financial ad adviser adviser adviser ad- ad was taken over and the board of directors dismissed Provincial authorities were directed to suspend taxes on properties whose owners haven't enough money to pay them I School teachers were informed by bythe bythe bythe the minister of education that an important important important im im- im- im part of oC their duty henceforth will be to direct education toward socialism In order to form a public conscience which will wm support the new socialist republic Tho The junta government is to name a new now board which will operate the bank If possible the new state bank and the national savings bank system willbe will willbe willbe be operated jointly as adjuncts of the ministry of finance Temporarily the savings bank will be under the direction direction direction tion of a group roup appointed b by the thc junta I IBy By taking over the Central bank the government assumes the function I of issuing currency and supervising I Ithe the rediscount of paper from public and private banks Juan Esteban Montero ousted from the presidential office ortice by the new I regime let it be known today that he be would fl fly to Mendoza Argentina this afternoon accompanied by the military of the Argentine embassy embassy embassy em em- bassy where he has been living since the junta took look control Former President President President Pres Pres- ident Ibanez Monteros Montero's predecessor has made his home at Mendoza for some time The banks opened this morning after after after af af- ter having been closed for three days daS but by government order they were permitted to pay payout out not more than 20 per cent of oC accounts running over 1000 pesos |