Salt Lake Telegram | 1940-09-24 | Page 19 | Big Canadian Loan Looms, Bankers Hear

Big jg Canadian Loan an Looms tankers jankers Hear RICHARD ICHARD CHA WALDO ABRIEL GABRIEL i 1 S With r With few r Wall street banks anSine an are Sine king time on o advices ad vices that a moth Canadian loan is IS bein being by the R F C C. All at atis at- at get information from to 10 is and Ottawa mee meet silence which has ha official 1 b altered Insiders' Insiders conviction i in financial area area that that the inter inter- rican rican deal is JS brewing 1 sources U U. S. S and agree in m placing th the dian nt at an even two billion It is further understood rc ars centers around of collateral 11 that will allow England's England securities now in Canar Cana- Cana St now to be posted as a a ji r rantee altering th the neutrality Jaws laws which stand a as i Johnson joinson to outright loans to Barents it is pointed out that could ad adopt pt any of sev- sev l to swing a Canai Cana- Cana credit One proposal has a aate adi 1 di i ate of U. U S. S banks buying lh the paper under an agreement Canada to redeem it at gating time and price The lh that t RF C is doing the spade k k with wilh nothing like two bil- bil rather than ito fo kick around rather around Import Export bank which is isted isted ted to a half billion convinces that the contemplated under government ill be iceS ilces but taken up by private which will be invited I II