Foreign News: Billions for Victory

Shuffling and shivering in Threadneedle Street one morning last week long lines of thin, neat, pasty-faced, bowler-hatted London stockbrokers' clerks waited for the Bank of England to open at 10 a.m. It was zero hour for the £300 million 3% war loan ($1,200,000,000) announced fortnight ago by Chancellor of the Exchequer Sir John Simon. This first major fiscal barrage of Great Britain in World War II had to go over with a triumphant rumble of "Oversubscribed!"—or else. The waiting clerks gossiped that Distillers Co., Ltd. was buying $4,000,000 worth, Prudential Assurance Co., Ltd....

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