Pages

1938: Guatemala

The report from Mexico City on Jan. 6 of a widespread revolt in northern Guatemala against the government of General Jorge Ubico was denied by The New York Times the following month. President Ubico is considered one of the strongest of the Central American dictators. The Fascist tendency of his regime is demonstrated by his early recognition of the Franco government in Spain. Press judges to serve for one year as censors of newspapers and other publications were elected at the March municipal elections in Guatemala City. In case the presidency should become vacant the Guatemalan Congress in March elected first, second and third designates to succeed him.

Since coffee and bananas represent approximately 90 per cent of Guatemala's export trade, the lowering of coffee prices by Brazil's cancellation of its coffee valorization program and severe windstorm damage reduced the high levels of 1937. The 1937-38 budget estimated receipts and expenditures at 9,788,500 quetzales. Actual figures for the first half of the fiscal period showed a deficit of 115,000 quetzales.

No comments:

Post a Comment