BRITISH INVESTMENTS
HOLDINGS IN AMERICA possible; liquidation NEGOTIATIONS IN "PROGrtes. '';■*• *' •''"■■ ;■'■'. (United Press Associatipn) , (By Electric Telegraph—Copyright) ;■'.:•■■ WASHINGTON, Jan. 13. (Received Jan. 14, at 7.p.ni;) The Secretary of the Treasury, Mr Henry Morgenthau, announced thai the British were negotiating with American investment' trusts on the question of the possible liquidation of Brit-ish-owned direct investments in the United States. Mr Morgenthau said that one large group: 'was-.ready to buy ; all British direct investments, and the subject would be..- discussed to-morrow with another.grpup; He said;he*had already communicated the proposals to the Under-Secretary, of the .. British Treasury, .Sir Frederick Phillips, who had indicated that the British, were ready and willing to liquidate "some of these properties." ,\;V" ' Commenting' on Congressional demands for amendments to the Aid Bill to. embrace " reasonable collaterlK' for war .materials sent abroad, he-saidvthat no fixed policy for this phase determined. ' *'
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Bibliographic details
Otago Daily Times, Issue 24506, 15 January 1941, Page 8
Word Count
140BRITISH INVESTMENTS Otago Daily Times, Issue 24506, 15 January 1941, Page 8
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