Ogden Daily Standard | 1915-08-25 | Page 10 | $20,000,000 Credit is Obtained by France

$20,000,000 CREDIT IS OBTAINED BY FRANCE New York, Aug. 24. Announcement Announce-ment was made tonight by Brown Brothers & Co. that arrangements for a $20,000,000 French commercial export ex-port credit have been combined and the credit issued. "The purpose of the credit," says tho bankers In their announcement, "Is to enable American exporters to be paid In dollars in the United States, eliminating any risk of exchange, ex-change, and thus facilitate our exports. ex-ports. It will also enable French buyers of American merchandise and other commodities who have found it difficult, owing to extraordinary conditions con-ditions now prevailing, to abtaln exchange ex-change with which to settle their accounts ac-counts with American merchants."