LOANS IN BRITAIN
EUROPEAN RECONSTRUCTION
A SUGGESTED CHECK
(British Official Wireless.)
RUGBY, Apii! 2-1
The Financial Secretary to the Treasury, Major W. Elliott, was in the House of Commons asked whether, before acquiescing in the flotation in Britain of.loans issued in’ . agreement with France under the supervision of ..he League of Nations, a stipulation would he made that the trench Government should allow the trench issuing houses to float in trance League of Nations loans in the same proportion as they were flouted in Britain.
He replied that while Britain gave cordial support -to the financial policy of reconstruction, of which these loans formed part, ! t was thought best to leave it to the markets to decide as to the placing of the foreign loans i sued in furtherance ol I lint policy, fa the circumstances of the present time lie thought that the principles suggested would command wide assent, and lie would convey them to the Chancellor of the Exchequer.
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Hokitika Guardian, 2 May 1932, Page 6
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161LOANS IN BRITAIN Hokitika Guardian, 2 May 1932, Page 6
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