BRITISH WAR FINANCE
POWER TO BORROW ADDITIONAL £250,000,000 (British Official Wireless.) Reed. 11 a.m. RUGBY, Nov. 3. The Chancellor of the Exchequer, Sir John Simon, has given notice to move in the House of Commons a resolution -to obtain power to raise loans for financing the war.
It will come before the House and will form the basis for a bill which will be taken on Thursday empowering the Government to borrow any sums required for raising any supply for the service, any additional sum not exceeding £250,000,000, and any sums required for the repayment of maturing securities.
The procedure is purely formal. It does not necessarily follow that immediate advantage will be taken of the authority sought. It will, however, be regarded as an indication that the Treasury feels that conditions were developing favourably for the issue of a loan.
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Gisborne Herald, Volume LXVI, Issue 20086, 4 November 1939, Page 5
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141BRITISH WAR FINANCE Gisborne Herald, Volume LXVI, Issue 20086, 4 November 1939, Page 5
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