AMERICAN BANKS
SHARE IN FOREIGN LOANS
ADVERSE TREASURY RULING
■f ' WASHINGTON, March 24. The Treasury today ruled thatAineri- j can banks eaiulot participate in the Dutch syndicate loan to the .French Government because of the imminent; passage, of the Johnson Bill, which has already been approved by the Senate, prohibiting the flotation in the United States of issues of foreign countries in default of their war debts. New York banks had asked for a ruling on an invitation, from Amsterdam to participate in 100 million guilder ninety days French Treasury bills.
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Bibliographic details
Evening Post, Volume CXVII, Issue 72, 26 March 1934, Page 9
Word Count
91AMERICAN BANKS Evening Post, Volume CXVII, Issue 72, 26 March 1934, Page 9
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