FOREIGN LOANS
BRITAIN’S ATTITUDE CHANCELLOR'S STATEMENT [ British Official Wirel«3». ) RUGBY, Dec. 16. The Chancellor of the Exchequer, replying to a question, said that he did not think that the time had come for foreign Governments to be allowed to borrow freely in London. Such proposals would continue to receive his careful attention in the light of the recommendations of the Foreign Transactions Advisory Committee. Sir John Simon added that there was no objection to consent being given to the Belgian loan, which was a financial transaction not involving the purchase of goods here or elsewhere, but he understood that 20 per cent, of the proceeds of the loan might be spent in the country.
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Bibliographic details
Wanganui Chronicle, Volume 80, Issue 300, 18 December 1937, Page 9
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114FOREIGN LOANS Wanganui Chronicle, Volume 80, Issue 300, 18 December 1937, Page 9
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