THE CHINA MAIL, JULY 26, 1989.
The Anglo-Polish Loan Parleys
AN OFFICIAL STATEMENT
London, Yesterday. The Chancellor of the Exchequer, Sir John Simon, made the following statement in the Commons yesterday regarding the financial negotiations which have been proceeding with a Polish de- legation:
"The discussions with the Polish delegation have
covered two separate matters.
"The first is in connection with export credits. His
Majesty's Government have offered to guaran- tee export credits up to the amount of £8,000,- 000 in order to facilitate purchase in this coun- try by the Polish Government of material ne- cessary for their defence.”
"Detailed arrangements which will have to be made are now be- ing adjusted between the Polish financial delegation and the Gov- ernment departments concerned.
a
"Discussions have also been pro- ceeding on the possibility. of cash loan to Poland by His Majes- ty's Government and the Government acting jointly.
ROOSEVELT IN CONFERENCE
TURNED French
WASHINGTON, TO-DAY. PRESIDENT ROOSEVELT RE- TO WASHINGTON YESTERDAY FROM HIS COUN- TRY HOME AT HYDE PARK, "I regret that it has not been AND IMMEDIATELY HELD A found possible to reach an agree- CONFERENCE WITH CHIEF ment as to the conditions on which ¦ FUNCTIONARIES OF THE DE- such a loan might be made avail- MOCRATIC PARTY,
able in time for the necessary le- gislation to be passed before House rises."
WILLING TO ASSIST
the
There is a possibility that Con- gress may adjourn in the middle of next week before the President's new economic programme has come up. for final debate.
.
After yesterday's White House Sir John Simon added in answer conference, Senator Alben Bark- to supplementary questions that ley, the Democratic leader, declared the export credits would be to as- that pending bills, including the sist purchases of material in the Works Financing Act, had to be United Kingdom but that as re- passed before Congress adjourned. gards the further question the From the middle of next week, he French Government and ourselves said, the Senate would also hold were entirely at one in being will night sittings.--Trans-Ocean. ing to assist the Polish Govern- ment in making necessary pur- chases of munitions from other countries. British Wireless.
EXCHANGE PROBLEM
LONDON, TO-DAY.
THE DANGER OF WEAKENING EXCHANGE RATES IF POLAND WERE GIVEN A FREE HAND
FOR EMPLOYMENT OF THE CASH LOAN FROM BRITAIN, IS THE MAIN REASON WHY THE ANGLO-POLISH ́ ́LOAN NEGO- TIATIONS HAVE NOT YET BEEN CONCLUDED.
·
Although Poland will use part of the loan for purchases in Britain, the British Government does not want to surrender all control over employment of the loan.
Unrestricted liberty for Poland for would endanger British dollar credit balances and thus affect in- directly the Sterlin-dollar parity.— Trana-Ocean.
ARAB REBEL LEADER CAUGHT
Jerusalem, To-day,
The arrest of one of the best- known leaders of the Arab irregu- lars, Abu Darra, is officially con- firmed.
Abu Darra, who had fled to Damascus in April, was caught on Sunday near the frontier when he was returning to Palestine.
Meanwhile, the American mis- sionary, Mr. Goldner, who was kid- napped by Arabs, Was set free yesterday after a ransom of £500 had been paid.
The missionary has returned to Jerúsalem. Trans-Ocean.
EXCHEQUER RETURNS
London: To-day. Exchequer returns show that to- tal ordinary revenue amounts to £197,953,392. compared with • #182,* 648,787
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