Show I Allies Allies' Loan Caned Called Off I By Bankers In Deference to Wish of pf Federal Reserve Board OOOO A Advance Alvan e Held Up Ui Announced fey By International ewa News I J. J 10 n Tin Telegram I NEW YORK Dec 1 J. l.-J. J. J P P. P. P Morgan Co this afternoon n announced that the British anc and F French treasury y notes have been withdrawn withdraw from public offering g at the request of ot those two gov gov- The withdrawal was occasioned by bythe bythe bythe the advisory warning yarning sent out olt by the United States federal reserve reserve board afew a afew few lew days days days' ago agro that American banks should exercise care in purchasing purchasing- such notes The text of the statement issued by bythe bythe bythe the Morgan house follows We have b been en Instructed by the British and French krench governments to withdraw their treasury bills from sale We h have ve accordingly expressed to those institutions institutions' and individuals which had alre already dy placed orders with us for th these e securities the wish to be relieved from our obligation to deliver dellver and they have been go good d to accede TIlis Tl is action J js is taken b because calIse as explained by the British chancellor chancellor of ot the thee exchequer ch r equer and by the theof e French Frencl minister minister min min- ister of ot finance these governments desi de de- si e td show every r regard gard to the federal reserve reserve board board board board-a. a. a governmental body of which h the he secretary of the treasury and the comptroller of the currency are re officio ex-officio I members 1 |