A FREE MARKET
LOAN EMBARGO TO END
TRUSTING THE CITY'S COMMONSENSE,
(UNITED PKESS ASSOCIATION—COPIRIQHT.)
(iIOHII SU.4 CABLi.)
LONDON, 3rd Novomber
Mr. Churchill, at Sheffield, said the time had come to establish freedom and normality in the money market. Henceforth no objection would be raised on general grounds by responsible financial authorities to tlie issue of Dominion, colonial, or foreign Joans on the London market. The embargo would bo removed and full freedom restored. He trusted the common-sense of the city to manage its affairs with discretion, paying regard to the capacities of the market', and its attitude to borrowers. He hoped as far as possible, without imperilling the freedom of the market, that preference would be given in the' matter of credit to issues which would bring immediately a. high proportion of orders for British goods.
Mr. Churchill- defended tho return to the gold standard. Ho said the embargo on Dominion loans had been criticised, but they must consider the possible efIccts on Home industries of over-lending abroad and consequent stringency on credit for domestic purposes.
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Bibliographic details
Evening Post, Volume CX, Issue 110, 5 November 1925, Page 7
Word Count
176
A FREE MARKET
Evening Post, Volume CX, Issue 110, 5 November 1925, Page 7
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