IRRC No. 78

ICRC financial situation in 1966

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Liquid assets.—Total liquid assets declined from about Sfr. 12,750,000. at the end of 1965 to about Sfr. 11,155,000. by the end of 1966. The disposal of the securities concerned was necessary for working capital requirements and to meet part of the additional deficit on the year; it also made possible certain shortterm interest-bearing investments.

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