FIRST LOAN CREDIT DEPOSITED BY U.S.A.
Recd. 6.30 p.m. New York, July 18. The first part of the 3.750,000,000 dollars credit for Britain will be deposited to the British account in the New York Federal Reserve Bank to-day. The sum to be deposited will be 300,000,000 dollars as requested by Britain within a few hours of President Truman signing the loan resolution. Further sums will be deposited as Britain requests. The Secretary of the freasury, Mr. Enyder, questioned concerning the inflationary potentials of the credit, declared that he saw no danger. He felt that Britain would use the credit very cautiously. Britain would buy some food to balance her diet and also some heavy machinery, which would soon be in ample supply. He had heard nothing of a British intention to devalue the currency.
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Bibliographic details
Wanganui Chronicle, Volume 90, Issue 166, 19 July 1946, Page 5
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134FIRST LOAN CREDIT DEPOSITED BY U.S.A. Wanganui Chronicle, Volume 90, Issue 166, 19 July 1946, Page 5
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