BALANCE OR INFLATE
French Financial Slraits LOAN SOUGHT FROM HOLLAND (Beceived 20, 10.55 a.m.) PABIS., Nov. 19. Despite an increase in the Bank of France 's gold stocks by £21,000,000 for the seven days ended on November 11# largely due to a re-influx of fugitive capital, the newspaper Epoque states that M. Bonnet is negotiating with Dutch financiers for a short-term loan to assist France to repay £40,000,000 to Britain. It is understood that the object of the loan is to obviate the. necessity of weakening the gold reserves. The Minister of Finance, M. Bonnet, in reviewing the financial dangers in the Chamber of Deunities, said that France must balance her Budget or inflate. The Government> he added, preferred a balanced Budget and stability.
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Bibliographic details
Hawke's Bay Herald-Tribune, Volume 81, Issue 49, 20 November 1937, Page 5
Word Count
124BALANCE OR INFLATE Hawke's Bay Herald-Tribune, Volume 81, Issue 49, 20 November 1937, Page 5
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