LOAN TO FRANCE
LONDON, February 17. The transfer to France of British credits amounting to £40,000,000 is confirmed by the British and French Treasuries. France desires to borrow £93,000,000 between now and .Tune. She finds it cheder to borrow in London than at home. The Echo de Paris expects British banks to conclude the negotiations for the loan to the French Treasury within the week. The loan will run for nine to twelve months at an interest rate of 3 per cent., in the form of bank credits. It is the largest international transaction on the London market since the war.
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Bibliographic details
Kaikoura Star, Volume LVI, Issue 14, 20 February 1936, Page 3
Word Count
101LOAN TO FRANCE Kaikoura Star, Volume LVI, Issue 14, 20 February 1936, Page 3
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