Capital returns

PUBLISHED : Sunday, 11 October, 1998, 12:00am
UPDATED : Sunday, 11 October, 1998, 12:00am

SINGAPORE (October 14): THE flight of capital from the Netherlands Indies manipulated by Hongkong speculators in the past three years has been checked and the process is gradually being reversed, Dutch economic officials here indicated.


Between 1945 and 1947 the flight of capital to Hongkong from the Indies has been alarming, with millions of guilders converted into foreign currencies. In addition, gold bullion and precious stones also were smuggled out of the country.


Share

 

Send to a friend

To forward this article using your default email client (e.g. Outlook), click here.

Capital returns

Enter multiple addresses separated by commas(,)

Related topics

For unlimited access to:

SCMP.com SCMP Tablet Edition SCMP Mobile Edition 10-year news archive