SMALL GAIN RECORDED
DUE TO CABINET ACTION
ENFORCING RETRENCHMENT.
(UNHID PRESS ASSOCIATIO-V—COPIRIOBT.) (AUBTRAUAN-HEW ZEALAND CABLE ASSOCIATION.) NEW YORK,,ISth January.
The sterling has reached 4.25 J- dollars, representing, a recovery of 24 cents from yesterday's close. The franc began a brave and unsteady rally, nevertheless closing at 4 3-10 cents, thus showing a gain of one-tenth.
News from Paris is deemed to be the cause of inducing the recovery in view of the Cabinet's reported approval of 20 per cent, increase in taxes and the adoption of a programme of retrenchment, including the adjournment of the pensions bonuses, as well as the most strict economy in the public services. Bankers are gratified by the evidence of the constructive programme brought about id France, thereby improving the market.
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Bibliographic details
Evening Post, Volume CVII, Issue 14, 17 January 1924, Page 7
Word Count
126SMALL GAIN RECORDED Evening Post, Volume CVII, Issue 14, 17 January 1924, Page 7
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