London, Sept. 19.
'A. memorial has been presented to the British Government by the League Loans committee (London), of which Sir Austen Chamberlain is Chairman, drawing attention to the present serious position of loans issued under the League auspices The government was asked to move that the League do its utmost to safeguard the special status of these loans, of which £83,000,000 worth has been issued of these £40,000,000 work have been issued to Great Britain, The, loans issued have been in favour of Austria, Bulgaria, Danzig, Esthonia, Greece and Hungary. The memorial points out the fact that default thas occurred on some of these loans which were provided with every safeguard devisable in 7 the form of the highest security and most solemn undertakings, when they were issued. This must deal a heavy blow to the prestige of the League's reconstruction policy. The memorial observes that the confidence of the investing public in League loans has received severe shock which may dis-estrously affect future borrowings. 'A similar memorial was addressed to the League Council.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.