WORLD FINANCE.
THE NATIONS TO MEET. TO CONSIDER THE SITUATION. By Telegraph.—Press Aaan.—Copyrleht. Received April 20, 5.5 p.m. London, April 19. An international financial conference, to which tile Council of the League of Nations liaa invited twenty-five countries, including New Zealand and the other Dominions, will be held in Brussels at the end of May. The conference is a result of the representations of leading banks to their respective governments asking for a meeting to consider the serious world situation.
The Chancellor of the Exchequer expressed his willingness for the British Government to be represented on the understanding that the Treasury will not participate in a scheme involving further large Government loans. The American Secretary of Finance has replied that the American Government is opposed to further Government assistance, and is unable to participate, but is willing that the Chamber of Commerce should be represented unofficially. These replies indicate that direct government loans will play a most subordinate part in the financial reconstruction of Europe, and the conference will mainly consider means to enable credit again to flow into the ordinary channels.—lmperial Service.
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Taranaki Daily News, 21 April 1920, Page 5
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183WORLD FINANCE. Taranaki Daily News, 21 April 1920, Page 5
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