LOANS IN LONDON
FOREIGN COUNTRIES
TIME NOT YET ARRIVED
MONEY FOR BELGIUM
(BrlUsli Official Wireless.) j (Received December 17, 1.15 p.m.) RUGBY, December 16. The Chancellor of the Exchequer (Sir John Simon), replying to a question in the House of Commons, said that he did not think the time had come for foreign .Governments to be allowed to' borrow freely in London. Such proposals would continue to receive his careful attention in the light of the recommendations of the Foreign Transactions Advisory Committee.
! Sir John Simon added that there was no objection to consent being given to the Belgian loan which was a financial transaction not involving the purchase of goods here or elsewhere, but he understood that 20 per cent. of the proceeds of the loan might be spent in the country.
Arrangements for the issue this iweek of a loan of £5,000,000 to Belgium at 4 per ' cent., repayable in 1960, have been completed by a group of British bankers (stated a British Official Wireless message received on Wednesday). The proceeds are to be used to repay certain Dutch credits, but a substantial sum is to be retained in ■ Britain to meet trade debts, and for other purposes.
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https://paperspast.natlib.govt.nz/newspapers/EP19371217.2.67
Bibliographic details
Evening Post, Volume CXXIV, Issue 146, 17 December 1937, Page 9
Word Count
200LOANS IN LONDON Evening Post, Volume CXXIV, Issue 146, 17 December 1937, Page 9
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