AID FOR BRITAIN

Wairarapa Times-Age, 7 December 1940, Page 3

AID FOR BRITAIN

DISCUSSION IN UNITED STATES SIR F. PHILLIPS’S MISSION. DISPOSING OF TECHNICAL DIFFICULTY. (By Telegraph—Press Association—Copyright) WASHINGTON, December 5. British quarters are much heartened by the latest developments regarding further American aid for Britain. Mr Morgenthau (Secretary to the Treasury) said he agreed with Mr Jesse Jones that the British Government was a good loan risk, but declined to say whether a loan to Britain was actually contemplated. He said he would confer with Sir F. Phillips tomorrow. Sir F. Phillips, who arrived by Clipper, said his mission was to straighten out a technical difficulty in connection with Britain’s dollar reserve. He declined to comment on whether he intends to seek credits. He asserted that Britain's financial position had never been stronger. The war was costing about 45 million dollars daily, which Britain was able to stand.

SENATOR TAET’S VIEW BETTER TO GIVE THAN LEND. (By Telegraph—Press Association.) WASHINGTON, December 5. Speaking in Congress, Senator Taft said he was open-minded on the question of financial aid to Britain, but it was nonsense to call Britain a good risk. “If we are going to do anything,” he added, ’“it is better to give than to lend. Ultimately we may have to lend to Britain, but to lend immediately to Canada is first of all desirable.”