THAWING OF FROZEN CAPITAL
— Recovery in France ISSUE OF TREASURY’ BILLS Paris, January 25. The Chamber of Deputies approved by 450 votes to 122 a Bill authorising (lie issue of Treasury bills during 1935 aggregating £69,000,000. The measure aims at the creation of a short-term money market, similar to that in England, thus thawing frozen capital in order to promote economic recovery. The bills would be rediseon stable by the Bank of Paris. M. Georges Bonnet said that the Government would need £260.000,000, which would be available only by using the sinking fund. M. Pierre Flandin, who received an ovation, declared that there was no danger of inflation or increased prices. The Government was doing its utmost to restore credit, and would grant manufacturers a special unemployment bonus to reduce if possible the hours of labour.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/DOM19350128.2.90
Bibliographic details
Ngā taipitopito pukapuka
Dominion, Volume 28, Issue 105, 28 January 1935, Page 9
Word count
Tapeke kupu
136THAWING OF FROZEN CAPITAL Dominion, Volume 28, Issue 105, 28 January 1935, Page 9
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Dominion. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in