| Show BELGIUM ASKS MORE REASONABLE TERMS i Will Be Forced to Turn to toI I Germany for Loans If U.S. U.S. U.S. U. U S. S Rates Not Reduced By Associated Press BRUSSELS Au Aug 2 Belgian 2 Belgian industrial Industrial Industrial indus Indus- trial and financial needs are being discussed discussed discussed dis dis- dis- dis cussed in a series of ot conferences be between between between be- be tween Belgium and American officials ls The first meeting today was attended by representatives of the Guaranty Trust company National City bank American International corporation and nd the Foreign Banking company all of New York and Henry H II Morgan United States consul general The meeting revealed the fact tact that Belgian industry has taken only 14 14 of the credits established established established several months ago go bec because the loans are re too short in proportion to the high rate of interest The Belgians Js explain there is a great need peed of a long longtime longtime longtime time loan at reasonable rates The rhe present exchange on the dollar makes a 45 per cent Increase in the cost to Belgian purchasers of American goods This condition It was pointed out naturally militated against American exports The condition of the mar marl mark at atthe the present precept time ma made maae e it possible to buy goods in Germany m m Jre re than JOO 00 per cent c cheaper than In America The Belgians asserted that hat if they could not get more favorable loan terms from the United States they would be obliged to turn toward Germany Ger Ger- many JUan |
