F., Mexico, is another financiera paying about 10% on deposits in local currency and 7% in dollars. In Mexico there are a number of investment counselors”stock brokers”this combination of functions apparently being the result of the need for money on a loan basis in Mexico. One such advisor or counselor is William E. Hughes, Apartado 774, Monterey, Mexico. He places deposits with financieras at 7% per annum payable in dollars and 9% in pesos, but if $5,000 or more is deposited 10% can be received with monthly compounding.


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