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Show ' PLAN FOR U16 0. S. SECURITIES GIVENBY PAISH British Financial Authority Outlines Reasons for Pro posed Mobilization of American Stocks LONDON D H S r George Pa sh o of the be t kuo 11 F gh h a th J J oa hu h1 affa rs txai th o lowing statement to the sso at 1 Press toy lu etari to tl .o u nient plan for n ooil line th au eeuntei y The plan s to enable th Brit h s- people to purchase and pay for the great quautities of rnencan goo Is and prod ee the will need to b m tho net twelve n onths Fi ther l la.?or turpose of pro 1 a t the allies of Great Br ta n with the Vs the need to paj tor j,oods pnwhaaed in tha tinted Mates Paid W Gold . J the past Year goods bo ght ,f ptan America have been pail for - rgly in gold and still more largo ly in securities, as well as bj the eredit of 100 000 000 -with Wh eh Anexican bankers and investors so generously provided Franea and fireat Britain a short tuna ago A The amount of gold m the United States now is so colossal that , the importation of additional amounts may lead to wild speculation, and it m undesirable in everyone's interest that a stall greater amount of gold should accumulate in the linked states, and desirable that pavment would be made for (he vast quan tity of seeds which the. alhes are purchasing xn securities of one kind or another, or bv means of add! bona credits similar to the one recentlv sranted I should have mentioned that sJone of the goods bought this year have been paid for by ordinary Making credits but this method of payment proved a very sasll sum of money in comparison With the amounts provided by gold sports and sales of securities Balance Is Large PafegsaBy speakjngyOrest Bnt aB has to provide all the money naofod fcn uttla li. . oraWe trade balance. fr 1915 the excess of exports will probably reach $1,750 000,000 and, after al losimg for the payment of freights, etc, the balance in favor- of the T United States will probably reach about $1,350 000.Q00 ef which about 400 000,000 wiB be settled in gold 1460 000 000 by the recent Praneo-TBnhsh Praneo-TBnhsh loan, and the wbaee of about $500,000,000 by sales "of e-ttunties. e-ttunties. In the balance in favoM the Unite States, in view of fhe great quantities of goods already ordered may not be far short of 2,oOO,000 000 and after allowing mr interest and other payments the Vt balance in favor ox the "Orated States may be in the neighborhood of $2,000 000 000 With such a prospect it was essential that Great Britain should mobilize her Amen-aan Amen-aan securities and make necessary preparations for payment of so great a sum. May Slake Loans The plan of the British chan eellor is designed to provide all the money that will be needed although possibly the American people them selves in View of their desire to create a great international money market m the United States will wish to invest money in British or French loans at the very attractive rates of interest which they will I- afford British investors from the individual vsewpointj have no need to sell their securities and would not do so were it not for patriotic A MM ntn n-rr their securities in order that the money needed to meet the trade -fcalance in the United States may be paid and it is obvious that the da maul in the United States for ee-ciinties ee-ciinties will be greatly m excess of the amounts which Britishers are hkely to sell Indeed the amount of money which (will accumulate in the United States is likely to be so great that not onrr will there be no difficulty in absorbing any secun ties which British and French mves iors may desire to sell tut there probably will be a big surplus for nvestm"nt in British French or other government loans and in other foreign securities. In other words the United States, by t eason of its vast exports will .enjoy a greater income than t ever f did hitherto and out of th s great lcome will have great sums for investment both m securit effwh ch will be returned from Europe and in various new issues of secur t es European Canad an and South American wh ch may be offered to the American people |