A supplementary circular issued by the authorities on the subject of acceptance credits goes some way to indicate the official attitude towards the financing of foreign trade under a regime of exchange restrictions. The declared aim is, first, to avoid hampering essential British imports and the essential exports of Great Britain and the British Empire; secondly, to maintain as far as possible the normal working of the London market; and, thirdly, to zafeguz: d as much of London's business of financing international trade as is consistent with the closing of all loopholes for the loss of foreign exchange. It is particularly on this last point that uncertainty about the official policy still exists,
Text read from the printed page and cleaned; old type leaves the occasional error.