$1,000,000,000 CREDIT BY PARIS TO LONDON IS BEING NEGOTIATED; Bank of England Hopes to Avoid Embarrassment Over Short-Term Loans by France. GOLD RESERVE ENDANGERED $600,000,000 Funds Would Be Converted to Long-Term Notes in Transaction. FRENCH IN VAST FINANCING Power In Diplomatic Field Rises as Investments Increase in Other Countries. Credits in London Involved. France in Wide Operations. $1,000,000,000 CREDIT SOUGHT BY LONDON
Bank of Eng negotiates with it to end drain on gold reserves; reciprocal credits suggested
