BRITAIN’S DEBTS
THE CREDIT LOANS ONLY FRANCE TO REPAY. (British Official Wireless.) Press Association—By Telegraph—Copyright, RUGBY, April 7. In answer to a question in the House of Commons with respect to the date by which it would be found possible to repay the remaining balances of credits obtained last autumn by the Treasury from Franco and the < United States,Major Elliott (Financial Secretary to the Treasury) said that since repayments were made at the end of last month the remaining part of the American credit—namely, 20,000,000d0l— * had been repaid. The right to reborrow had been retained until the anniversary of the original credit on' August 28. There now remained outstanding only the loan of 2,500,000,000 francs from the French public, which was not repayable before the date of maturity in September.
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Bibliographic details
Evening Star, Issue 21073, 9 April 1932, Page 17
Word Count
130BRITAIN’S DEBTS Evening Star, Issue 21073, 9 April 1932, Page 17
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