DEPLETED RESOURCES
BRITAIN’S FOREIGN TRADE. EMBARGO ON LOANS URGED. Prtes Association—By Telegraph—Copyright. LONDON, October 21. Mr J. M. Keynes, the well-known writer on economic subjects, and the editor of Ibo ‘Economic Journal,’ writing in the ‘ Nation,’ pleads for tho rennposition of tho embargo on foreign loans owing to Britain’s depleted resources duo to tho six months’ coal stoppage. Britain’s foreign trade in 1926, he says, will yield an excess of only .617,000,000 worth of visible and invisible exports over imports, compared with a surplus of £88,000,000 in 1925. Even allowing for the increased shipping earnings, tho reparation payments, and the enhanced profits of international banking, Britain’s surplus in 1926 for foreign investment cannot exceed £50,000,000, whereas £72,000,000 of foreign loans have already been issued in nine months.
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Bibliographic details
Evening Star, Issue 19388, 23 October 1926, Page 3
Word Count
127DEPLETED RESOURCES Evening Star, Issue 19388, 23 October 1926, Page 3
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