BRITISH FINANCES
REPAYMENT TO U.S. AN ENCOURAGING SIGN (British Official Wireless.) Rec. 2 p.m. RUGBY, Opt. 22. ’ Keen satisfaction is expressed in London at the news that the Bank of . England has'repaid £20,0001030. of the 90-day credit for £25,000,000 obtained from the Federal Reserve Banks on August I last. The period of the credit does not expire iill next week, but it is believed that New York hanking circles expected that the credit would havo'to be renewed, and accordingly the gratification there is considerable. City comment is highly favorable, and it is suggested that this indication of the strength of the British financial position will have a steadying influence and promote a revival of general confidence.
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Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17606, 23 October 1931, Page 6
Word Count
116BRITISH FINANCES Poverty Bay Herald, Volume LV, Issue 17606, 23 October 1931, Page 6
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