"Britain is a Good Risk" Says Federal Loan Administrator; Official to State Britain's Needs 'MPORTANT new Ameri Washington, Dec. 5. an moves to help Britain appeared certain in the United States last night as the secretaries of at least three Government departments gave an indication that further aid was under imminent consideration.
Mr. Jesse Jones, Federal Loan Administrator and Secretary of Commerce, said Britain was a "good risk."
Asked, however, whether he thought the Johnson Act, wh prohibits loans to nations defaulting on their war debts, should be repealed, he replied: "Not now."
Mr, Henry Morgenthau, Secretary of the Treasury, revealed that Sir Frederick Phillips, of the British Treasury, was arriving to meet Treasury officials and to place the latest available information before them."
At Tuesday night's special confer~ fence, which brought nine of the most Important Government officials toulether, the whole question of Britain's financial resources in 'America and her ability to buy war materials here were discussed. 'Three Such meetings were held before, and itis notable that a major step to' help Britain followed quickly in each case.
The first meeting preceded the exchange of destroyers for bases: the second preceded facilities for Britain to increase aircraft orders to. 12,000 planes, and the third preceded the felvase of Flying Fortresses, Britain's finances appeared to have been "the dominant subject at the latest conference, and Mr. Phillips' visit here Is expected to help to ity the situation.
Atior the meeting on Tuesday night. Mr, Jesse Jones refused to say whether he favoured loans to Brit Mr. Churchill Seeks to End U-Boat Peril
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