BRITAIN AND AMERICA

Waikato Times, Volume 92, Issue 14255, 5 January 1920, Page 5

BRITAIN AND AMERICA

THE POSITION OF EXCHANGE. 1.. ' FUTURE BRITISH POLICY. LARGE LONGTIME LOAN NEEDED. (Australian and N.Z. Cable Assn.) Received January 4, 5.5 p.m. NEW YORK, January 2. Interviewed in London, Sir Auckland Geddes, President of the Board of Trade, said that English manufacturers were not disturbed by the position of tin; United States and English exchange. He says it devolves upon the United States to bolster up the exchange. He intimated that Britain's future policy would be to purchase raw material for manufacture from the United States, while she would secure foodstuffs from the British Dominions. Sir George Paish, interviewed in New York, said that the United States must extend to England a large long time loan, because England was buying in the United States extensively, and reselling practically all to Europe. Bankruptcy threatens Europe if such a loan is not furnisned. Sir George Paish states that he hopes to be able to improve the exchange between the United "States and England.