The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-15
SEES BRITAIN
$2,60O,000,000
DEBTOR OF US.
Sir George Paish Says We
Will Have Huge Trade
Balance i'm Year.
THINKS BIG RISE WILL
COME IN SECURITIES

Spscin Cdiie DespoicL TO THE stN.
LONDON. April 14.--Sir George Paish. !
who represented the British Government |
in the Anglo French loan negotiations
IN New York, has a long article In the
Sfdfist reviewing the financial and eco !
nomic situation in the United States
The review Is partly based upon
data collected by him on his recent ,
visit to America. Sir George has been
acting as an unofficial financial adviser
TO the Government
Sir George cites published returns. en-
phasizing through them the ever broad
ening prosperity in America due to the
great production. high prices and the
enormous profits arising from the enor-
nous demand upon the American num-
tion manufacturers.
How great the exports from the
United States Will be in the current
year" he writes. cannot be foretold,
bu; they seem likely 10 be very much
greater than In the last year. II would
not be surprising to find tnat the trade
balance to be settled IN securities or
gold will rise in the next twelve months
from fS0o. 10000 $500. 900 000) to
,.oo non,on ,o -on o,n oon, ,n,oss
,,,,i,f,, ,,,,.',
,.',., -. , ,, =,
.,,. .t.,,.,t', at,t,.h ,,,a,. ., .o,,.- aa,raa
Va. " -, ,.i,t .,' ,.S,a
states Will sell. The first Is the size OF
Americas crops and the amount of farm
produce America Will have available
the second is the continued Willingness
and ability OF American bankers and
: investors 10 finance the great quantities
OF goods required by other countries.
ana Tor "hlch no eNchahSe Is a'alIaoie
other than securities.
'"""'s'"" w ''""s'
With reference to the crops SIR George
p.ish discusses the unpromising reports
and expresses the opinion that IN view
o: the bumper wheat harvest or 1915
there should be n substantial surplus.
! and',h quantity available for consuinp-
non and export in the new season may
not be much less than this auogether'
Although fhe crop OUTLOOK II I'Ss ta'or
apie man IN ISL =" neur's ma. y WI
he ulilNti! 10 ailet' "Pl're'i"o's '''e N'''
u't'oh o' the t'''e '''''' "' ''' "
Win i"r''En ,"u'I'eS .,..;, ,,
i"' set'"u ''.''I ~. ',,- 80.
"@ 'o'I.'nuer >"
.' VIC ,,,,7,,ia,s
,s t"''u ~ na.Iad a.,
.s ,''pus 81 "''''i ,;,,,,,,,, ~, -.
,-'' .p' W. 20 vs.. -, ,,,,,,,hs ard i,
49,, ,,,r r,,,ad ,ba, >rer,,an
h, ,;l,ars and ,ny.s,ors wiIl nur,.hase all
va ,,.;, ",',, IL r',r',,a n'i.bos ., seu in
-. ,,.. .,,,rt.,., ,,,rn,,,,,,ers
ca. -, ,, ,",s
80, - 80 ,h,, ,ha s,oo,, -, a,,.r;.,,
.,.,.,,i,foa =, - 10 h.in, ,.,,,diw
a.,Is,.d Tev..,heiess ,h. ano,n, re-.
,,,,'ninr is s,iii ,.o,,. io,sa ,rd should
H.. n,,i,s sut,,r,ent tn nrnSide any trade
hnI,nc. in IN. current ye,r .yen II tire
,'niamc, ircre,sss ,n ,ioo ana noo so :
noo ono non, -, a,o, ,ioo ooo nan 40
ioo ooo ouo,
"uar.n,.r T., IA. s,o,. ~ ,r,.,;,.,,
secnri,j,s is fnsnt,ic,.r, far ,he nnrnoss
+, ls more ,han nrobah,s ina, Ansr'can
h,nu.rs and iuya',,rrs u,ii H.. rran,rsa
to ,,l.s n,vment IN mar, or ~ any VAT.
other securities OF one kind or another
we ourselves calculate tina, imn,e.
dia,.ly after the war is over tho r.darn.
lion Of Et,-opes fo,iin, doh. wiI no.
yin and that n "A very shor, time !, l,rrs
sinking fund will be created for Inc
redempt,ou OF the permanent debt and
every on. will realize the very great
differenc. between those conditions and
The conditions now existing.
AT present the prices of securities
are simply the result Of the sale of hun
dreds Of millions OF new stool, in a sin.