FRENCH FINANCES
Exchange Control Rejected By Minister STABILISATION OF FRANC (Eeceived '28, 11 .30 a.m.) PAEIS, Dec. 27. _ M. Bonnet, Minister of Finance, in the Senate, again rejected exchange control as a solution of France 's problems. He revealed that the Bank of France had xecovered ten thousand million francs' worth of gold in recent months, hence the Treasury could easily stabilise the franc at the present level, thanks to profits from former devaluationg and a return of confidence which ' permitted the repayment of a £14,000,000 railway loan.
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Bibliographic details
Hawke's Bay Herald-Tribune, Volume 81, Issue 80, 28 December 1937, Page 7
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88FRENCH FINANCES Hawke's Bay Herald-Tribune, Volume 81, Issue 80, 28 December 1937, Page 7
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