Decrease of More Tha Pounds in 1935
London, May 19, The Chancellor of the Exchequer, Mr, Neville Chamberlain. stated question time in the House of Commons that his attention had been drawn to the Mgures in the report fof the Bank for International Seltlements and to the fuct that in certain Quarters the inference had been credits during 1935.
The Committee of British short-term creditors had published a statement showing that this Inference was Based on a complete misapprehension. The total British credits both used and unused had decreased during. 1938 by just over a million pounds, 'Larger reductions in the credits of ther countries were mainly due 10 the willingness of creditors there 10 accept repayment in German cure Teney with' the heavy capital loss Which such repayment "involved. Wireless through Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.