AMERICAN LOANS TO OTHER COUNTRIES
INTEREST TO BE DEFERRED. (Rec. February 15, 5.5 p.m.) . . New York, February 13. Tho Washinston correspondent of tho "New York Times" states tlmt the Assistant Secretary lo the Treasury, Mr. Davis, has outlined a plan to Congress bv which the interest on United States . loans to foreign Governments, totalling , ninetv-five hundred million dollars, would be deferred for three years, after which the debt will be re-funded into fifteen- ; vear bonds, the deferred interest bom's Paid in fifteen annual instalments. Tho , United States would th-s forego interest upon three years' deferred interest. slr. Davis has asked Congress to approve of the plan.—Aus.-N.is. Cable Assn.
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Dominion, Volume 13, Issue 121, 16 February 1920, Page 7
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108AMERICAN LOANS TO OTHER COUNTRIES Dominion, Volume 13, Issue 121, 16 February 1920, Page 7
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