DEBT PAYMENTS
(British Official Wireless)
bRitain saves commissiqn and interest on u.s. credit FRENCH LOAN ALSO REDUCED
RUGBY, Wednesday. ,• TBe Chancellor qf the ExcBequer, Mr. .Neville Chamberlain, stated in tiie House of Commons to.-jday that niqre than half of the An|eripap crq4lt qf aPRI.oximately £.40,000, 0()0 wpuld be repaid on Eriday, thus reducing that credit to roughly £10,000,000. " "This repayment . is finql, as tBe lenders have consented to return a proportionate part of the interest axid c.qmmission as from the d'ate of ihaturity of existing Bills, . f'The credit sriven bv the French
Bapkets is no\y rediic.ed'frpm roughly £2r0,()00,0Q0 tq roughly £7,000,000. Thp remaining section of these French credits is represented by Treasury bills, to the value of rougBJy £20, r 000,000, which are in the hands qf individual French holders, and Britain hqd no power to require them to accept repayment before August."
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Bibliographic details
Rotorua Morning Post, Volume 1, Issue 164, 4 March 1932, Page 5
Word Count
143DEBT PAYMENTS Rotorua Morning Post, Volume 1, Issue 164, 4 March 1932, Page 5
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