LOANS TO FRANCE
AMERICAN OFFICIAL EMBARGO. ' PROTEST BY FINANCIERS. (Press Association—By Telegraph—Copyright.) WASHINGTON, March 2. The Treasury officials authoritatively stated that many bankers'in the United States had appealed to the Administration to lift the embargo prohibiting private loans to France. A delegation of financiers recently visited Mr F. B. Kellogg (Secretary of State) seeking the removal of the restriction, but after n conference the Administration reiterated its decision that no loans to French interests would be sanctioned until after the ratification of the war debt agreement by the French Parliament. The announcement of France’s proposed payments is expected to encourage bankers to renew the protest. They claim that American money, loaned to London at 5 per cent., is being placed in France by the British at a much higher rate. Some threaten to disregard the embargo, and to float loans without Government approval.—A. and N.Z. Cable.
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Otago Daily Times, Issue 20039, 4 March 1927, Page 9
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146LOANS TO FRANCE Otago Daily Times, Issue 20039, 4 March 1927, Page 9
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