THE WAR DEBTS
PLAN FOR LIQUIDATION.
FLOTATION OF LARGE LOAN,
BANKERS CONFERRING. (United Press Association—By Electric Telegraph.—Copyright.) Received August 29, 8.40 a.m. LONDON, Aug. 28. Reynold’s Nows understands that Mr Neville Chamberlain is unlikely in the near future to raiso the ban on new issues in London. Mr Montagu Norman, the Governor of the Bank of England, is now in New York conferring with Mr Harrison, tho head of tho Federal Reservo Bank. They are preparing a far reaching scheme for flotation on the world’s money markets of an international loan of £1,000,000,000 in order to wipe out tho oustanding international war debts and reparations payments. The scheme will probably bo launched after tho World Economic Conference.
The Sunday Times, on. tho contrary, says that Cabinet on Saturday decided on the early partial removal of the restrictions on new issues.
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Bibliographic details
Manawatu Standard, Volume LII, Issue 230, 29 August 1932, Page 7
Word Count
140THE WAR DEBTS Manawatu Standard, Volume LII, Issue 230, 29 August 1932, Page 7
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