NEWFOUNDLAND’S DEBTS
INTEREST TO BE PAID CREDITS FROM CANADIAN BANKS.Press Association—By Telegraph—Copyright* MONTREAL, December 29. (Received December 30, at 10.30 a.m.)] The British Treasury financial expert, Sir Percy Thompson, who has been loaned to the Newfoundland Government, said to-day: “Newfoundland will not default in its obligations m January. Britain’s oldest colony will not be the first to refuse payments pa its debt.” He declared that negotiations for placing credits at the disposal of Newfoundland by Canadian banks had so far proceeded that he considered the situation saved. Sir Percy mentioned the Bank of Montreal, the Canadian Bank of Commerce, the Bank of. Novia Scotia, and the Royal Bank of Canada as taking part in the Newfoundland credit. He refused to state tli© exact amount involved. When asked whether it approximated 2,UUU,UUU dollars he gave neither confirmation nor denial. -
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Bibliographic details
Evening Star, Issue 20988, 30 December 1931, Page 7
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138NEWFOUNDLAND’S DEBTS Evening Star, Issue 20988, 30 December 1931, Page 7
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