Financial aid to China, which would stabilize her currents, is one of the jost_pressing international finanetat fers now before US. Treasury ofliciais, Mr. Morgenthau, Secretary fof the Treasury, after appearing before a joint Cotigressional committee on Monday, said machinery for such e}aid would be set. in motion 5 fast Jas the Tawyers will let me."
China has repaid over US$5.000,000 Jof US$120,000,000 borrowed previously, Mr. Jesse IL. Jones, Federal Loan Administrator, said yesterday, 'The repayment was mostly in ship~ ments of tung oil. Several hundred thousand dollars of the repayment consisted of tin shipments, he pointed out, adding that "China must hurry her' mining."
"Materialization of the US$50,000,000 credit for stabilizing China's currency would counter-act the bearish and lunconfident attitude regarding Chinese currency which has prevailed Shanghai and other ports. recently, observers believe, The US$50,000,000 loan announced last week by President Roosevelt will considerably bolster the Chiang Kaishek regime in its straggle against Japan and is considered here as one of America's most effective aids to her Interests in the Far East Meanwhile, Mr. Marriner 8. Becles, Chairman of the Federal Reserve Board, through a spokesman yester= day Issued a denial to an article in the "New "York Herald "Tribune" which said that Mr. Beeles had proposed that the United States lend Britain US$2,500,000, taking as secu ity a lien on the British Empire's gotd production for the next five year—United Press,
Text read from the printed page and cleaned; old type leaves the occasional error.