QUESTION OF N.Z. LOAN FROM NORTH AMERICA
(R-ec 11.20) NEW YORK, Aug 18. Financial authorities in Washington, commenting on a report from Wellington that New Zealand was inquiring about possibilities of dollar xoans from Canada and United States, said that New Zealand could apply to the Export-Import Bank or go on the open money market for a dollar loan. New Zealand is not a member of the World Bank. Export-Import Bank officials said to-day that no approach had been made by New Zealand for an v loan They declined to comment on prospects if an application were to be made. In Ottawa, an informed source said that, as far as he was aware, New Zealand has made no formal request for any dollar loan from Canada but if such a request were received, Canada would give it consideration, he said. Whether New Zealand would get such a loan would depend on how desperately she needed it and on Canada’s own dollar standing at the time.
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Grey River Argus, 20 August 1949, Page 5
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165QUESTION OF N.Z. LOAN FROM NORTH AMERICA Grey River Argus, 20 August 1949, Page 5
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