He did not think the time had come {for foreign governments to be allowed to borrow freely in London, declared the Chancellor of the Exchequer, Sir John Simon, inthe House of Commons to-day in reply to @ question regarding the forthcoming issue in London of a 5,000,000 four per cent, loan for Belgium.
Each proposal, Sir John Simon said, would continue to receive his careful attention in the light of the recommendations of the Foreign Transactions Advisory Committee.
He was quite satis hed, he added, that there was no objection inthe national Interest to consent being ven to the Belgian loan, It was a financial operation not involving purchase of goods here or elsewhere, but he understood that 20 per cent.
the proceeds of the loan might bt Spent in this country.—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.