DEBTS AND REPARATIONS

Otago Daily Times, Issue 21736, 30 August 1932, Page 9

DEBTS AND REPARATIONS

SCHEME FOR PAYMENT AN INTERNATIONAL LOAN (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, • August 28. Reynolds's News understands that Mr Neville Chamberlain (Chancellor of the Exchequer) is not likely in the near future to raise the ban on new issues in London. Mr Montagu Norman (Gov ernor of the Bank of England) is now in New York conferring with Mr Harrison (head of the Federal Reserve Bank). They are preparing a far-reaching scheme for the flotation on the world's money markets of an international loan of £1,000,000,000 in order to wipe out the outstanding international war-debts and reparations payments. The scheme will probably be launched after the World Economic Conference. The Sunday Times, on the contrary, says that Cabinet on Saturday decided on an early partial removal of the restrictions on new issues. NEW FLOTATIONS. THE CHANCELLOR'S PLANS. LONDON, August 29. (Received August 29, at 11 p.m.) Though there are still conflicting reports concerning Mr Chamberlain's intentions regarding new flotations, a majority of the newspapers expect early modification of the ban which the Daily Herald suggests will take the form of rationing, in which the refunding operations of Australia, New Zealand arid other dominions will obtain early sanction. •' • ■"