Show Britain Seeking Credit in U. U S. S One hundred million dollars Inthe in inthe inthe I the British kitty That is London's London's London's Lon Lon- dons don's privately expressed appraisal 5 of what the recent tin and rubb rubber r deals with the United States mean to to them English banking hopes go still farther with a plan to S 'S have this amount made the nucleus nucleus nu nu- nu- nu cleus of American credits to help c finance the British war for restoration restoration resto resto- I. I ration of their losses This coincides with the information information tion that Lord Catto has been appointed ap p pointed finan financial ial adviser to the British treasury and the governments government's governments govern govern- ments ment's choosing this moment to toS S raise income taxes to unheard-of unheard high levels In New York bankIng bankIng banking bank- bank Ing circles it is understood that each move is intended to impress public opinion here that th the matter matter mat mat- ter of credits to Great Britain has become a matter of dire n ces- ces sity sih Lord Catto is counted on onto onI I to to use his connections to that end too which should be a comparatively II C simple matter because his lordship is a director of of the Ba Bank BankS k ka S a of of England and of Morgan Grenfell Grenfell Gren- Gren 4 fell Co Ltd J J. J P. P Morgan Cos London house Besides he heis is on the directorate of International International S Nickel company of Canada whose stock is widely held here Insiders therefore expect that pressure on the United States will willbe be be increased in order that assistS assistance assistance assistance assist assist- S ance short of going to war may mayS may'S maybe J. J S 'S be expended to include vast credits t. t S- S The The groundwork for such a camS campaign campaign cam cam- S has been laid with care S skill and evidence of administration backing i Copyright 1940 McClure McClureS i S Syndicate |