The Archive · 1940

US. Senator 0 Opposes Finnish Loan

"Neutrality Involved," Says Mr. Pat Harrison Washington, Jan. 30.

On|the eve of the consideration by the Senate Foreign Relations Committee of a bill sponsored by Senator Prentiss M. Brown (Democrate: Michigen) to permit tary Joan to Finland, Harrison (Democrat: Mississippi) today announced opposition to Government loans to Finland and other warring nations, Mr. Harrison! declared that the United States was in no financial con. dition to make such a loan, He also opposed the loan because the question of neutrality was involved. He as an alternative to Gov-emmment loans that. Finland should ask the permission of the Securities Commission to sell its Government ing Committee approved Mr. Brown's BW providing for an. increase of $100,000,000 in the capital of the Export and Import Bank to, permit of a loan {o Finland. At the same time, ex placed restrictions on future loans to prevent the granting of more than $30,000,000 in credits to any one nation.—Reuter.

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

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