• Short Summary

    THE FORMER KATANGA NATIONAL BANK WAS FORMALLY HANDED OVER TO THE CENTRAL CONGOLESE GOVERNMENT ON WEDNESDAY.

  • Description

    THE FORMER KATANGA NATIONAL BANK WAS FORMALLY HANDED OVER TO THE CENTRAL CONGOLESE GOVERNMENT ON WEDNESDAY. IT WILL NOT BE KNOWN AS THE ELISABETHVILLE BRANCH OF THE CONGO MONETARY COUNCIL.

    UNTIL A FEW DAYS AGO, WHEN THE SECESSION OF KATANGA PROVINCE FORMALLY ENDED, THE KATANGA NATIONAL BANK WAS THE CENTRAL BANK FOR THE PROVINCIAL GOVERNMENT AND ISSUED LOCAL CURRENCY.

    IN A CEREMONY HELD OUTSIDE THE BANK HEADQUARTERS IN ELISABETHVILLE, THE CONGOLESE RESIDENT MINISTER, MR JOSEPH ILEO, FORMALLY ACCEPTED THE BANK ON BEHALF OF THE CENTRAL GOVERNMENT AND THE CONGOLESE NATIONAL FLAG WAS HOISTED IN PLACE OF THE PROVINCIAL FLAG.

    MR. ILEO ADDRESSED KATANGAN BANK OFFICIALS ASKING THEM FOR THEIR CO-OPERATION AND SAYING THAT INVESTIGATIONS WERE CONTINUING INTO THE BANK'S AFFAIRS.

    (IT WAS REPORTED EARLIER THAT WHEN THE UNITED NATIONS SEIZED THE BANK ON MONDAY, JANUARY 28, THEY FOUND CASH ASSETS OF ONLY A LITTLE MORE THAN GBP41. ACCORDING TO SOME REPORTS, 136 MILLION KATANGESE FRANCS - NEARLY GBP1 MILLION -- WERE NOT ACCOUNTED FOR.)
    THE KATANGESE FRANCS WILL LATER BE EXCHANGED FOR CONGOLESE CURRENCY.

  • Tags

  • Data

    Film ID:
    VLVA6D4914QN2DK52XHPIWPYKIZAP
    Media URN:
    VLVA6D4914QN2DK52XHPIWPYKIZAP
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    01/02/1963
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:00:44:00
    Time in/Out:
    /
    Canister:
    N/A

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