FRANCE TO STAY ON GOLD
MINISTER DENIES REPORT OF DEVALUATION PLAN PARIS. March 5. M. Louis Germain-Martin (Finance Minister) states that France will remain on the gold standard. He emphatically denies a ropo t that the Government is studying a plan for devaluation of the franc. BRITISH IMPORTS HINT OF BIGGER DUTY (Received March 6, 7.10 p.m.) PARIS, March 5. M. Flandin (the Premier), in the Chamber of Deputies, hinted that if the fall of sterling continued France might impose additional duty on British goods. STERLING FIRMER (Received March 6, 11 p.m.) LONDON, March 5. The city editor of "The Times" says sterling's firmer tone, initiated on March 4, was more pronounced yesterday, proving that not only the repatriation of foreign funds but bear selling caused the fall. Bear speculators are now closing on their commitments. The British exchange equalisation did not operate.—"The Times" Cable.
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Press, Volume LXXI, Issue 21416, 7 March 1935, Page 13
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145FRANCE TO STAY ON GOLD Press, Volume LXXI, Issue 21416, 7 March 1935, Page 13
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