Foreign Loans

This year promises to establish a new record for the lending of U. S. funds abroad. Thus far, $1,007,919,000 of foreign loans have been floated and distributed among home investors in 1924, and the prospects are for a total of $1,500,000,000 before the end of the year.

The most important of these foreign loans (in millions of dollars) have been: Japan, 150; Germany, 110; Mexico, 50; Netherlands, 40; Switzerland, 30; Sweden, 30; Canadian National Railways, 29; Canadian Railways, 26; Norway, 25; Industrial Bank of Japan, 22; Argentina, 20; Paris-Lyons-Mediterranean Railway, 20; Ontario, 17; Consolidated Electric Power Co. of Japan, 15; Nord Railway, 15; Finnish Mortgage Bank, 12; Canadian Pacific, 10; Paris-Orleans Railway, 10.

In the past four years, foreign Government financing in the U. S. has totaled as follows: 1920 . ...$291,000,000

1921 379,270,000

1922 431,305,000

1923 242,845,000