LARGE ANGLOFRENCH LOAN.

Bay of Plenty Times, Volume XLIV, Issue 6488, 15 September 1915, Page 3

LARGE ANGLOFRENCH LOAN.

Proposal to Borrow Billion Dollars in America

llec Sept 15, 8.40 a in

New York, Sept 14

The Anglo-French Financial Commission startled Wall Street by suggesting an advance loan of £200,000,----000, solely on British and 'French Governments' notes. The American financiers folly expected that the Allies would offer collatorial security in the form of American securities now held in Europe The Commissioners, however, told the Americans they refuse to consider such a proposal, and if the United States failed to assist the Allies the latter would send gold for everything purchased. It is probable that tli3 Americaus will agree to the Commissioners' terms as they do not want further gold, fearing wild speculation. Kec Sept 15, 9.15 a m London, Sept 14 Reuters New York correspondent says it is reported that the AngloFrench Commission proposes to borrow a billion dollars on straight Anglo-French Government bonds without collafrerial security, which alarms some financiers, Other financiers point out that the entire credit of the Auglo-Freuch Governments should be sufficient guarantee. The amount of the loan is unapproached in the history of American finance.