AMERICAN CREDIT
(To the Editor.)
Sir,—The paragraph in "The Post" on Friday headed "Shock for United States" also provides a shock for others. If Great Britain can raise £100,000,000 at 1 per cent, we may well ask why the debt to the U.S.A. is not being met. The statement made by Mr. C. S. Thomas presumes that because the United States of America pays 1$ per cent, for loans its credit is not so high as the credit of Great Britain. Cheap money does not always indicate prosperity, but merely the lack of opportunity for investment of capital. Incidentally it may be fairly assumed that the non-fulfilment of the debt obligations is an influencing factor causing America to keep clear of further European entanglements. All things considered I think American credit stands as high as that of Great Britain.—l am, etc.,
E. N. MORRIS.
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Bibliographic details
Evening Post, Volume CXXI, Issue 23, 28 January 1936, Page 16
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144AMERICAN CREDIT Evening Post, Volume CXXI, Issue 23, 28 January 1936, Page 16
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