London, Feb. 1.
IR John Simon, the Chancellor of the Exchequer, announced in the House of Commons to-day that, in view of the present conditions of exchange, he had come to certain decisions on the subject of foreign lending.
The decisions illustrated the desire of His Majesty's Government to encourage suitable expansion of international capital transactions but he did not consider that the time had come when consent could be given indiscriminately to foreign issues and, in particular, to those on behalf of foreign governments, foreign local or public authorities or state-controlled organizations, By consent, he indicated that he meant a form of sanction or approval defined in terms of reference of foreign by the Advisory Committee, when that body was assist the Treasury in connection with the concessions time the ban on foreign lending was first modified. transactions sent up to made at the
Text read from the printed page and cleaned; old type leaves the occasional error.