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Show : JAN BANK CRISISPASSINO Financiers Confident That Situation Will Clear Itself ROME, Dec. 31. (By the Associated Associ-ated l're-s i Reopening of the Uanca ! Italians aj Beohtp, which has been I er. inted a moratorium by co.urt de-crei de-crei Is expected within a short lime, but as yet the oj orations which wlli be allowed have not been clearly defined. de-fined. The committee of creditors named by the court to reorganise the elalnis has already commenced work in the bank's head offices here RELIEF BEING K. MZK1) The newspaper Popolo Rpnaano soya j tb.at a number of the old promoters of the hank are organizing to go to its ullef It us asserted that eighty mil- lion lire will he sufficient to meet I immediate demands so the bank can continue business. l ports from the provinces mentioned men-tioned no alarming occurrences In the big centers where the institution has I r.i nches. In financial cin los there are con--Untied evidences of confidence that tlie situation will clear Itself. The position of the Banca Italia na dl Sconto Is attributed to the Industrial Indus-trial situation, as t has enormous holdings in shipyards t Genoa. Triest and l-'iiirio- nnd the steel works, mines and public Utilities. REASSURING STATEMEX I The bank's foreign obligations total I three billion lire and lt9 deposit accounts ac-counts one billion, while its assets .consist of treasury and other bonds valued at about two billion, foreign credits of l.Toi). 000 with other leaser items. In its last Statement, issued last October, the bank rouorted a favorable fa-vorable balance of 500. 000. 000 lire. -Minister of Finance Solori, in an interview toda.v said: . j "There Is no need for alarm. This 1 financial crisis is isolated and there is 'no danger 'of its going any further I It has reached Its crest. The condition condi-tion will improve." |