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Show LONDON EXMIE WOKS ENGLISH I"""1 London, June 30, 5:30 p. m. The situation arising from the weakness of New York exchange on London con-jl 1 tinuos to bo much discussed, the treasury appearing to be willing to permit gold to florf to America In part payment of the balance created by war purchases. The exchange situation sit-uation meanwhilo has not been remedied. reme-died. E. F. Davles, chairman of tho committee com-mittee of English and foreign bankers on exchange problems, in discussing the exchange problem today, said to an Associated Press representative:. "I consider tho best way for Ameii-lean Ameii-lean exchange to bo righted will be by Americans subscribing liberally to tho war loan, exchange being at present pres-ent something like 2 per cent In lavor of America on such an operation, opera-tion, or by Americans granting about $500,000,000 of credit to Great Britain. Brit-ain. The former way is much tho better one, but oither is in the interest in-terest of both countries, and America thereby would pay herself for her shipments to this country. Paris dopendB solely on London, and any payments for munitions or food must be made through London," |