CREDITS FOR EUROPE
AMERICA’S NEW POLICY CAPTURING BRITISH TRADE (Elec. Tel.. Copyright—United Press Assn.) WASHINGTON, Oct. 27. . Discussing the Farm Board's considerations of international credit for the sale of American wheat and cotton to France, and perhaps other European countries, Mr. .Stone said that no sale of wheat or cotton to France had been arranged, but France undoubtedly needs large quantities of both, and further consideration of the proposal would depend upon the outcome of M. Du Pasquier's conference with New York bankers and the Federal Reserve Board. Mr. Stone asserted that the establishment of credits for European purchases of American commodities was more necessary than before Britain’s abandonment .of the gold standard. “It is the duty and the opportunity of the United States to take over Britain’s . role in handling export credit,” he said.
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Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17610, 28 October 1931, Page 7
Word Count
135CREDITS FOR EUROPE Poverty Bay Herald, Volume LV, Issue 17610, 28 October 1931, Page 7
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