FINANCIAL AID.

Auckland Star, Volume LXXI, Issue 282, 27 November 1940, Page 7

FINANCIAL AID.

AMERICA TO BRITAIN.

Senate Committee To Make i Close Examination. United Press Association. —Copyright. (Reed. 11 a.m.) WASHINGTON*, Nov. 26. The chairman of the Senate Foreign Relations Committee, Senator A\ . F. George, after conferring with President Koosovelt, said his committee would to-morrow take up two proposals relating to United States tinancial aid to Britain, but he said there was little chance of action being taken on this matter during the present session. Senator George said the committee would deal with Senator King's resolution for a repeal of the Johnson Act, which prohibits loans to countries in arrears with Great War debt payments and the ban on loans and credit to Britain contained in the Neutrality Act. It would also deal with Senator Xve's counter-proposal for a formal investigation into the extent of British financial resources in the United States. Senator George declared that he was in general agreement with Mr. Roosevelt and the State Department on international policy. He added that immediate legislative action to financially assist Britain was "impracticable and somewhat premature."

The Marquess of Lothian. British Ambassador, denied published reports that lie had submitted a memorandum asking for battleships, cruisers and destrovers.