MONEY FROM AMERICA.
FRANCES LARGE LOANS. UNITED STATES HARVEST. , ACCUMULATION OF GOLD. Australian and N.Z. Cable Association. ("Received 11 p.m.) NEW YORK.. August 24. Arrangements have been made for a second commercial credit to France of £5,000,000- This will bring France's loans from the United States since the war began to nearly £100,000,000. An analysis of the position shows that before the war the banks of England, France, Russia, and Germany held 680,000,000 dollars more gold than the United States. Now the United States is within 50,000,000 / dollars of the combined holdings of gold of the nations mentioned.
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Bibliographic details
New Zealand Herald, Volume LIII, Issue 16317, 25 August 1916, Page 6
Word Count
98MONEY FROM AMERICA. New Zealand Herald, Volume LIII, Issue 16317, 25 August 1916, Page 6
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