London, July 1.
The colossal loans which, the British, Government were reported be making to the Indian Government axa proved completely imaginary.
reports arose from the statement by the Premier, Mr, Ramsay MacDonald, in the House of Commons on June 26, when he emphasized the British Government's tention to safeguard the Indian {financial situation.
To-day, Mr. MacDonald told the House of Commons that no occasi {for giving the Government of India financial assistance had arisen and he trusted and believed no such occasion would arise, The Premier added that the object of his first statement was to Femove apprehensions, pending the [constitutional settlement in india and the formulation of provisions insuring the maintenance eredit—Through Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.