EQUALISATION FUND

Evening Star, Issue 22686, 28 June 1937, Page 10

EQUALISATION FUND

INCREASE By BRITAIN WELCOMED IN AMERICA. Press Association—By Telegraph—Copyright NEW YORK, June 25. The ‘New York Times’s ’ Washington correspondent says that officials deemed the proposed increase in the British Exchange Equalisation Fund a move to promote a continuance of effective Anglo-American co-operation under the tripartite agreement. This will enable Britain to continue tho same purchases or even to increase them, and thereby lighten tho inflow to America. CHANCELLOR TO MAKE FURTHER STATEMENT (British Official Wireless.)' RUGBY, Juno 2C. (Received June 28, at noon.) Sir John Simon will make a fuller statement on the £200,000,000 increase in the Exchange Equalisation Fund when he moves in tho House of Comjnons tho resolution on Monday in connection with tho Bill which he will subsequently introduce. It is hoped that tho' Bill will pass through all stages by Friday. - The introduction of tho Bill has necessitated a rearrangement of the Government’s Parliamentary time-table.