FINANCIAL AID TO BRITAIN

Nelson Evening Mail, Volume LXXIII, 6 December 1940, Page 6

FINANCIAL AID TO BRITAIN

SENATOR TAFT OPEN MINDED “BETTER GIVE THAN LEND” (U.P.A.-By Electric Telegraph—Copyright| WASHINGTON, sth December. Speaking in Congress Taft said he was open minded on financial aid to Britain but it was nonsense to call Britain a good risk. “If we are going to do anything, better give than lend. Ultimately we may have to lend to Britain, but lend immediately to Canada is desirable first.” LATEST DEVELOPMENTS BRITAIN A GOOD LOAN RISK (Received 6th December, 12 45 p.m.) WASHINGTON. sth December British quarters are much heartened oy the latest developments regarding further American aid for Britain Mr Morgenthau. Secretary to the Treasury, said he agreed with Mr Jesse Jones. Federal Loan Administrator, that the British Government was a good loan risk but declined to say whether a ioan to Britain was actually contemplated He said ne would confer with Sir Fred-lick Phillips to-morrow. Sir Frederick Phillips. who arrived by Clipper, said his mission was to straighten out a technical difficulty in connection with Britain’s dollar reserve. He ieclined to comment whether he intends to seek credits. He asserted that Britain’s financial position had never been ‘-tronger The war was costing about 45.000 000 dollars daily which Britain was able to stand