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Mr. Mifsud and his father emigrated from Malta to the United
States, Malta was a country of small shopkeepers, dockworkers,
and bureaucrats, with a small Anglo-Maltese ruling class, and the
median wage for private workers in Malta was about $11 per week,
or $572 per year.
Maltese official records show only two purchases and one
sale of real property by Mr. Mifsud's father and one sale of real
property by Mr. Mifsud and certain of his family members. In
November 1929, Mr. Mifsud's father purchased a house in Malta for
570 British pounds sterling (pounds), which was the official
currency of Malta. In April 1937, he sold that house for 270
pounds. In September 1938, Mr. Mifsud's father purchased another
house in Malta for 350 pounds. In 1966, Mr. Mifsud, along with
his mother, three brothers, and a sister, sold a house in Malta
for 2,600 pounds, or $7,254 at the exchange rate in effect in
1966 of $2.79 per pound.
In 1951, Malta was under English exchange controls which
limited the ability of Maltese persons to bring any form of
currency out of the country. The export in 1951 of currency from
Malta in an amount of pounds or any other form of currency equal
to approximately $500,000 would have had a serious impact on
Malta's economy and the policy of its Government and would have
been required by the English exchange controls to have been
documented. Malta has no official record that an export from
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