Paul Mifsud and Maria G. Mifsud - Page 24




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          mately $500,000 from Malta to the United States, large amounts of           
          which Mr. Mifsud claims his parents gave to him both during his             
          father's lifetime and after his father died, to be implausible,             
          inconsistent with and not supported by objective evidence in the            
          record, and not credible.  The record establishes that in 1951              
          Malta was under English exchange controls which limited the                 
          ability of Maltese persons to bring currency out of the country.            
          The export of currency from Malta in 1951 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 Malta took place in 1951 of currency             
          in an amount of pounds or any other form of currency equal to               
          approximately $500,000.  The record also establishes that in                
          1951, when Mr. Mifsud and his father emigrated from Malta to the            
          United States, Malta, which had been devastated during World War            
          II by German air strikes, was a nation of small shopkeepers,                
          dockworkers, and bureaucrats, with a small Anglo-Maltese ruling             
          class.  Estimates of Maltese national income in the postwar                 
          period ranged from $28.2 million to $48.3 million, and the median           
          wage for private workers in Malta was about $11 per week, or $572           
          per year.                                                                   







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