INTERNATIONAL FINANCE.

Press, Volume LVII, Issue 17293, 3 November 1921, Page 7

INTERNATIONAL FINANCE.

BRITAIN'S WAR DEBTS. STATEMENT BY MB McKENNA. (By Cablt—Pre«* Association—Copyright.) lAusiraiiin and JT.Z. Cable Associition.) (Received November 3rd, 12.20 a.m.) NEW YORK, November 1. The "New York Times" interviewed Mr Reginald McKenna, chairman of tho London Joint City and Midland Bank, who said: "We are large creditors, and, in relation to the United States, we are also debtors. As debtors we have nothing to say except that England will pay her debts. Speaking as a creditor. England would be selfishly wise, having regard only to her industrial aiul economic position, to remit the obligations due to her. CHINA'S DEFAULT. (Received November 3rd, 12.20 a.m.) NEW YORK, November 1. The American group of the Chinese Consortium announces that China has defaulted in connexion with tho loan of 5,500,000 dollars made by Chicago financiers. China has also failed to avail herself of a new loan of 16,000,000 dollars offered to provide funds to pay the old loan. CANADIAN LOAN IN U.S.A. (Received November 3rd, 12.20 a.m.) NEW YORK, November 1. The Montreal correspondent of the "New York Times" learns on good authority that the Canadian Government will enter the American market after the New Year, to negotiate a loan of at least 300,000,000 dollars.