FRANCE GOES OFF GOLD
-Prosa Asbii.— Copyright.)
Bourse Shows Rise In Quotations LOW RATE OF FRANC
(Bv Tslegraph-
(Eeceived 2, 1.30 p.m.) PARIS, July 1. France, for tho first time since 192S, officially went oft" the gold standard today. The low rate reached by the franc cansed somo uneasiness in financial circles. The Bourse showed an cxpeeted rise in quotations but less exuberantly than after the devaluation in October. The rise in Government stocks was relatively small. A decreo will be published to-morrow imposing penalties on shopkeepers for unduly raising food prices. Eailway fares are being inereased by 15 per cent. A great number of deerees will be issued after the rising of Parliament, probably at the week-end or early in the nest week.
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Hawke's Bay Herald-Tribune, Issue 141, 2 July 1937, Page 5
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124FRANCE GOES OFF GOLD Hawke's Bay Herald-Tribune, Issue 141, 2 July 1937, Page 5
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