WORLD’S MONEY MARKETS
RUMOURS AND SPECULATIONS Press Association—By Telegraph—Copyright. LONDON, August 28. (Received August 29, at 8.40 a.m.) ‘ Reynolds’s News,’ understands that Mr Neville Chamberlain (Chancellor of the Exchequer) is not likely in the near future to raise the ban on new issues in London. Mr Montagu Norman (Governor of the Bank of England) is now in New York conferring with Mr Harrison (head of the Federal Reserve Bank). They are preparing a far-reaching scheme for the flotation on the world’s money markets of an international loan of £1,000,000,000 in order to wipe out the outstanding international war debts and _ reparations payments. The scheme will probably be launched after the World Economic Conference. The ‘ Sunday Times,’ on the contrary, says that Cabinet on Saturday decided on an early partial removal of the restrictions on new issues.
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Evening Star, Issue 21193, 29 August 1932, Page 9
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136WORLD’S MONEY MARKETS Evening Star, Issue 21193, 29 August 1932, Page 9
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