The Archive · 1940

Including Bond Withdrawals

ul London, Aug. 22, Moving the second reading of tie Finance BILL in the House of Lords ast evening, the Lord Chancellor, Viscount Simon, said -taxation in' this country in a full year had been raised since the war began from £880,000,000 to, £1,500,000,000.

This increase of nearly 75 per cent.

a single year represented a tre mendous burden and' a colossal effort, It-was not for him to anticipate the future of their war finances, but it was evident that just as great and greater sums would be needed, great and greater sums must' be Gatton PG. grey. 122i) Piece white or*ayed The British taxpayer, the Lord JChaneelior said, was surmounting his obstacles with the greatest courage, {82 determination and_ goodwill.

"We may take real pride," he declared, "in the fact that there has never been a moment when burdens isae4 [have been more willingly accepted the whole population."

Referring to the purchase tax he 152% said it it wore. ferny and: remorse:

jessy applied, it would produce 9 $80 considerable revenue-—Reuter. ana Books "maps pay Hides, leather, oat teh Chinaware, ete. Sto FS

Grand Tot Sion {aio Japanese Quest of sao. 1oastene ADANESC 1 "G88 18, American Trade ote, Washington, Aug. 24 'A member of the Japanese Foreign Office, Tecently returned feom trade conference with Japanese diplomats at Rio de Janeiro, Brazil, iS not optimistic of the prospects of increasing Japan's trade with the Net Exports Latin. American nation the Depart ment of Commerce yesterday said cit apanese press reports disclosed.

Animat products 14.045,811 100,16 The Department of Commerce Fist 1354 said the Japanese press reported that Bea the Japanese official even suggested Latin America be restricted in view of the fact that atin American purchase chemicals and plant equipment, which Japan finds 318 dimiculty in supplying.

The Department of Commerce said that nverthaest, a# a Yost Of the 9 the establishment of a permanent conference at Rio, Japan is studying

of government and busl-Pod America-United Pres.

fest oflieials concerned with Latin Stina?

Grand Totat broad fet Imports U.S. Loans to Americas Vaan Nations Approved Washington, Aus. 22.

The Howe of Representatives voted yesterday. to retain in. thew hemisphere trade loan bill the main provision authorizing $500,000,000, credit for the Export-Import Bank to __{sistribute loans to American nations, 2228586 An amendment by Representative Wolcott" which would "have. denied teans to" Canada and British and arns French possessions "int the western ons Exports '204304 votes to 00.

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