Business & Finance: Foreign Loans

Ever since the U.S. became a creditor nation, it has been aware of the fact that lending money abroad Js not always a sure way of remaining popular.

Loans made by the New York market to Argentina have been severely criticised in that country for various reasons. Still more recently, the Japanese have shown widespread dissatisfaction with the terms of the loan contracted here. Many charges were made that the interest rate on the loan (TIME, Feb. 18, 25), was far too high and reflected upon the nation's credit. Much of this grumbling is,...

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