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Show Loan Committee IHIovesJ) Chicago Lord Reading, Chairman, Secretary Blackett and Two Other Members Go Now York, Sept. 27 Having reached reach-ed a virtual agreement with bankers of the eastern section of the country over tho details of tho proposed $500,-000,00ft $500,-000,00ft credit loan to be. established here to Great Britain and France, membors of tho Anglo French financial finan-cial commission, accompanied by n member of tho firm of J. P. Morgan & Co., arranged to tako tho 2:40 train this afternoon for Chicago. Lord Reading, chairman of tho rnmmlflslnn heada thn nnrtv which expects to remain In Chicago several days, returning tho latter part of this week. Ilnsll U. Blackett, secretary secre-tary of tho commission, and two other oth-er members wero to accompany Lord Reading. -l According to one promlnqnt banker bank-er Identified with tho negotiations, adoption of tho tentative program by the bankers of tho west and middle west will assuro Its final ndoptlon In Its present state. With all parties acquiescing, ac-quiescing, ratification of tho agreement agree-ment will bo sought from tho British and French government. Meantime virtually all tho bankers of tho country coun-try would bo nsked to participate In floating tho loan n syndlcato of prominent prom-inent financiers conducting In their behalf tho negotiations with tho com. mission. The proecnt tentative agreement, It was said, Is to bo placed beforo tho western bankers whom tho commission com-mission expects to mcot In Chicago. It was belloved that eastern and western wes-tern bankers wero In substantial accord ac-cord as to tho details now under consideration. con-sideration. St. Paul, St. Louis, possibly Denver, Den-ver, and other western and middle western cities, It Is expected will send their bankers to Chicago to confer with the commission. In Us present shape tho plan for the loan contemplates n credit of approximately $500,000,000 to be granted on Joint Anglo French 5 per cent government notes which will 1)0 convortlblo upon maturity nnd nt tho holder's option Into similar bonds running 15 or 20 years, nnd boarlng 1-2 per cent Interest. Tho flvo yenr notes will bo sold slightly under par ' so that tho Investor will reallzo np- proximately C 1-2 per cent on his In-' vestment. , |