BRITISH SAVINGS
SIXTY YEARS' LOSSES
OVERSEAS INVESTMENTS
UNDESIRABLE LOANS
United Press Association—By Electric Tel««
graph—Copyright (Received sth February, 10 a.m.)
LONDON, 4th February. Between £2,000.000,000 and £5,000,000,000 of British sayings have been lost in overseas investments during the past sixty years, said Sir Arthur Samuel at Woking. He urged the institution of measures to prevent the flotation of undesirable loans and to ensure that interest and repayment were properly secured, perhaps, by the hypothecation of specific revenues assigned to the service of foreign loans here. He added that every country in South America, with the exception of Argentina, was in default on its external loans.
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Bibliographic details
Evening Post, Volume CXIII, Issue 30, 5 February 1932, Page 7
Word Count
105BRITISH SAVINGS Evening Post, Volume CXIII, Issue 30, 5 February 1932, Page 7
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