ANOTHER WITHDRAWAL
American Loan to Britain EXHAUSTION EXPECTED WITHIN FEW WEEKS Rec. 8 p.m. LONDON, Aug. 13. A Washington message says that the Treasury announced to-day that Britain had withdrawn another 150,000,000 dollars of the 3,750,000 dollars loan, leaving a balance of 85,000,000,000 remaining. Treasury officials estimate that the entire loan will be exhausted by October 1. Sir Wilfred Eady, of the Treasury, who will be the leader, Sir Edmund Hall-Patch, of the Foreign Office, Mr H. J. B. Lintott, of the Board of Trade, Mr L. P. Thompson-McCausland and Mr P. S. Beale of the Bank of England, will leave by plane on Friday for Washington to discuss the dollar crisis. Whitehall expects the talks to be brief and centre on the vital question of whether the United States Treasury can get an appropriation to support sterling after the loan is exhausted. London officials regard the only alternative to that as virtual chaos in foreign exchanges, and trade disruption between the dollar area and the rest of the world.
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Otago Daily Times, Issue 26540, 15 August 1947, Page 5
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170ANOTHER WITHDRAWAL Otago Daily Times, Issue 26540, 15 August 1947, Page 5
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