ECONOMIC ACCORD
BRITAIN AND FRANCE NEW PHASE WELCOME LONDON PRESS VIEW (Eluc. Tel. Copyright—United Press Assn.) (British Official Wireless.) ReccL noon. RUGBY, Dec. 15. The British and French financial agreement is welcomed in the columns of the Economist. An article on the "Entente Financiere" declares: "It is, we may hope, the first step in a process of economic collaboration that will extend beyond the details of finance or the limitations of war economy.” Discussing the consequences of the agreement reached between France and Britain, it sums them up in the sentence: "The foreign assets of the two countries are to be pooled,” and in this connection it calls attention to an interesting estimate made this week by the Federal Reserve Board in Washington, according to which the gold, dollar balances and marketable American securities belonging to the United Kingdom and France approximate to 7,400.000,000 dollars, or £1,850,000,000.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GISH19391216.2.64
Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20122, 16 December 1939, Page 6
Word Count
147ECONOMIC ACCORD Gisborne Herald, Volume LXVI, Issue 20122, 16 December 1939, Page 6
Using This Item
The Gisborne Herald Company is the copyright owner for the Gisborne Herald. 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 the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in