The Archive · 1939

British Export Credit Fund Too Small

Likely to Be Increased

To £60,000,000 London, June 7.

British export credit, funds would be shortly increased a great deal to permit Britain to finance the rearmament of guaranteed powers such as Poland and Turkey, City quarters stated today.

The "ceiling level" of the credits might be raised from £35,000,000 to 60,000,000 or even. £70,000,000, they declared, Greece obtained £2,000,000 from Britain, Rumania got £5,000,000 and Turkey received £20,00000. Moreover, Poland has been virtually offer-ete therefore remain only £8,- 000,000 to be allocated, and this would hardly be enough for Britain to be able to continue her policy of financial aid to guaranteed States, Action to increase the credits "would have to be taken if Poland accepted British assistance and the limit were not: set at £8,000,000. Poland is said to need some £60,000,- 009 herself, thermore, should Poland receive more than the sum of £5,000,000 that was granted Rumania, the latter country would have to have similar facilities extended, City quarters foresaw today the creation of a special body to study and settle these involved problems,—Havas.

Text read from the printed page and cleaned; old type leaves the occasional error.

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