ANGLING FOR GOLD
i— Press Asbji.-
France Mopes to Entice Hoarders
MEASURES IN CRISIS
fBy Telegraph
-Copyright.)
(Received 6, 11.45 a.m.) PARIS, March 5. The Bank of France previous to the present crisis (see page 3) had bought gold at the pre-devaluation rate. M. Blum's new measure is expected to lure gold from its hoarding ■ placea. The defence loan. which wiU be for an unspecified amount, will be the only loan the Treasury will issue during 1937. Strict instruotions bavo been given all departments to curtail expenditure as eupplem entary Estimates will not be granted. A committee of experts has been appointed to supervise the operation of the exehange equalisation fund and take steps to prevent the fluctuation of prices. The Bourse responded strongly. Government and industrial stocks are higher, The Council of Ministers has decided not to control foreign exehange and to authorise the free importatiou of and dealings in gold from Maroh 3. The Council also resolved to launch a big national defence loan
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HBHETR19370306.2.37
Bibliographic details
Hawke's Bay Herald-Tribune, Issue 43, 6 March 1937, Page 5
Word Count
166ANGLING FOR GOLD Hawke's Bay Herald-Tribune, Issue 43, 6 March 1937, Page 5
Using This Item
NZME is the copyright owner for the Hawke's Bay Herald-Tribune. 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 NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in