OCR Text |
Show oo NATIONAL BANK TO OPEN IN HONDURAS TEGUCIGALPA, Honduras. July 29. The total revenues of the republic repub-lic of Honduras will for the present be collected, and the outgo expended by the Banco de Honduras, a private banking Institution, which thus becomes be-comes the government's exclusive financial fi-nancial agent. The revenues amount to $10,000 000 yearly. The bank will open a government credit of $500,000 8 ibsequently a national bank of the republic will be created and will absorb ab-sorb the Banco do Ilondunts. All directors di-rectors and officials of the new organizations or-ganizations must be Honduranean citizens |