FINANCIAL SITUATION

Dominion, Volume 13, Issue 103, 26 January 1920, Page 5

FINANCIAL SITUATION

PAN-AMERICAN CONGRESS

HELP FOR LATIN AMERICA

Washington, January 19. A Pan-American Financial Congress has onencil. and the North, South,-and Central American countries have been invited to lav tlieir financial needs before it. The United States Government delegates emphasised that the United States must finance. Latin America, or lose the trado ncoaired during the war.-Aus.-N.Z. Cahlo Assn. BRITAIN'S "TRADE DEFICIT PROSPECTS FOR CONVERSION INTO CREDIT. London, January 22 Mr. Austen Chamberlain, in the speech at Birmingham in which he referred to the world's financial situation and Britain's national debt, said that there were some favourable signs. British trado was very prosperous, and the adverse trade balance was beiwr rapidly reduced. It. did not exceed ,£150,000,000 for the past rear, and lie would be disappointed if the new venr closed without the deficit boinsr converted into a balance in our favour of at least the same amount. Ho expressed the opinion that in a few years we would be able to look back on tho present trials and difficulties as a historical curiosity -Aus.-N.Z. Cable Assn.Rentcr.

CREDIT FOR MACHINERY GKWTED BY AMERICAN CORPORATION. Washington, January 19. The War Finance Corporation announces that it Ims granted credit for 10.000.000 dollars' worth of machinery for Enuland, France, Italy, and Belgium.— Aus.-N.Z Cable Assn.