"Under the arrangement the ser. vice of the following German and Austriam loans will be:
London, July 2.
The announcement by Sir John Simon, Chancellor of the Exchequer, concerning the Anglo-German debt agreement came after the close of the Stock Exchange yesterd: but Austrian and German loans\ were marked up appreciably in upéfücial street dealings, despite the agreness of actual business.
The agreement is too intricate to enable the City to arrive at full appreciation of the terms, but the rise in prices illustrates generally its favourable reception.
The undertaking by the German Government not only to continue the debt service on Austrian loans but also to transfer 50 per cent. of the interest to non-Reich loans is particularly welcomed. It is estimated that the transfer will involve some £4,000,000, which is considerably more than at present.
Germany guarantees to maintain the present proportion between British exports of finished goods and total exports while providing a sliding scale for the allocation of sterling proceeds of German exports to the United Kingdom, out of which British exports will be paid.
Great Britain's frm attitude in threatening the establishment of exchange clearing, the opinion is expressed, has been instrumental in bringing about a solution.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.