THE FRENCH SITUATION
(Copyright to Australian Press Assn.) THE FALLING FRANC. LONDON, July 10. The French franc in London closed at 222.25, Belgian at 209.50. A FRENCH FINANCE. (Received this day at 12.25 p.m.) PARIS, July 19. The fall of the franc has feverishly agitated the Bourse. The brokers are beseiged and unable to cope with the orders to sell foreign stocks, leading to the suggestion that business will possibly be supended to-morrow. DANGLO-FRENCH DEBT. LONDON, July 19. In the House of Commons, Hon AY. Churchill replying to criticisms, explained France desired the insertion of v a clause in the debt settlement, malting the payments dependent upon German ! reparations.. The British Government consistently declined to admit such a clause. Mr Churchill admitted the Government made concessions, but these should not lie exaggerated. The object of the settlement was not a desperate effort to save France. It was based on a desire for a fair settlement taking all the moral and material ( considerations into account. A HERRIOT CABINET. *yr (Received this day at 12.2.5 p.m.) ‘ \ PARIS, July 19. / M. Herriot has formed a Cabinet. M. Demorviie is chosen as Minister of Finance. ✓
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Hokitika Guardian, 20 July 1926, Page 3
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191THE FRENCH SITUATION Hokitika Guardian, 20 July 1926, Page 3
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