LOANS FOR SPAIN
WORK OF RECONSTRUCTION MANY BANKS INTERESTED PRELIMINARY NEGOTIATIONS (United Press Association) (By Electric Telegraph—Copyright) LONDON, May 15. The Paris correspondent of The Times says the Ministries of Finance and Foreign Affairs deny that a Spanish loan is being issued on the French market or that foreign bankers are conferring on the matter. The communication does not deny that informal talks are in progress about credits to General Franco. It is evident that the Spanish Government wants money for reconstruction. Equally French financial interests which long for a big stake in Spain want to participate, but the French Government will not allow loans to Spain until Spanish independence is assured. Reports from the Continent suggest that not only French, but Belgian, Dutch, English, and Swiss banks are interested. M. Van Zeeland is reported to be conducting preliminary negotiations for an international loan of £20,000,000. THE VICTORY PARADE AMBASSADOR TO ATTEND LONDON, May 15. In the House of Commons, Mr R. A. Butler announced that the British Ambassador had accepted an invitation to attend General Francos victory parade. Liberal and Labour members expressed dissent in a heated manner.
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Bibliographic details
Otago Daily Times, Issue 23810, 17 May 1939, Page 9
Word Count
189LOANS FOR SPAIN Otago Daily Times, Issue 23810, 17 May 1939, Page 9
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