LOAN TO GERMANY
AMERICAN PROPOSAL MEASURE BUB TO DEPRESSION IN EXPORT TRADE. By TalegraDli—Press Assn.—Copyright -iustruliiui ami N.Z. Cublo Association. (Received Murch. 17. 8.30 pm.) WASHINGTON, March 17. '.": A bill has been introduced in the Houso of Representatives authorising the War Finance Corporation to adiv.nco loans to the extent of a billion Hollars to aernnny, not more, than ;£reo hundred millions of which shall iyy idvanced in «ny ono yea*. Tho bill provides "that Germany may enter into contracts hero for the purchase of foodstuffs and raw materials, and nssure payment bv guarantees to be approved >bv the Reparations Commission. The" War Finance Corporation svill control tho amount and kind ot merchandise" purchased. It is said that tho purpose of the measnro is to anticipate a great depression in American export trade due to the fall in English and French rates of exchange A REMARKABLE STATEMENT. Router's Telegram. (Received March 17, 7.15 p.m.) WASHINGTON, March Id. Congressman Smith proposes to reestablish languishing trade by arranging for credits to Germany amounting to two hundred millions sterling. American exports have dropped 70 per cent, in the last three months.
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Bibliographic details
New Zealand Times, Volume XLVI, Issue 10541, 18 March 1920, Page 6
Word Count
187LOAN TO GERMANY New Zealand Times, Volume XLVI, Issue 10541, 18 March 1920, Page 6
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