FOREIGN LOANS

Evening Post, Volume CXXV, Issue 28, 3 February 1938, Page 9

FOREIGN LOANS

CONFIDENCE IN FUTURE

SATISFACTORY EXCHANGE

POSITION

OPINION IN LONDON

(United Press Association — By Electria Telegraph—Copyright.) ' (Received February 3, 10 a.m.) LONDON, February 2. The announcement by the Chancellor of the Exchequer (Sir John- Simon) that greater''latitude is to be allowed for foreign lending reveals that the authorities are satisfied with tbe exchange position and confident of the future. This is the opinion in banking circles in London. The Australian' Associated Press understands that the Government's decision may be regarded firstly as a contribution towards the policies recommended by M. Van Zeeland In his report on world trade, and, secondly, as an official realisation of the necessity being urged on all bank' chairmen for expanding British exports. British borrowers will now be able to approach the market for long-term funds for development in foreign countries, entailing to some, extent/the purchase of British goods. ' Public opinion will rule out the possibility of loans to certain foreign Governments.