FRENCH FINANCES.
CO-OPERATION WITH BRITAIN. STATEMENT BY CHANCELLOR. (British Official Wireless.) Received July 1, 11.55 a.m. RUGBY, June 30. Replying to a question on the French monetary measures in the House of Commons, the Chancellor of the Exchequer (Sir John Simon) said it was generally recognised that the readjustment- of the franc in September, 1936, was not entirely successful in re-estab-lishing a lasting equilibrium between tho economic system of France and those of the United States and Britain such as was the underlying object of the tripartite agreement. “I understand,” said Sir John, “that the measures now .contemplated by the French Government, which will involve the removal of the upper and lower gold limits now prescribed for the franc, are addressed to adjusting this situation. I have been assured, however, by the French Government that it is not- their object- to seek any exchange advantage Irom this adjustment and they arc anxious to continue in close co-operation with the Governments of the United States and Britain.
“This is also ilia strong desire of the British Government, and 1 am in close touch with the French Minister of Finance and the Secretary of the United States Treasury with this object in view.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MS19370701.2.133
Bibliographic details
Manawatu Standard, Volume LVII, Issue 180, 1 July 1937, Page 10
Word Count
201FRENCH FINANCES. Manawatu Standard, Volume LVII, Issue 180, 1 July 1937, Page 10
Using This Item
Stuff Ltd is the copyright owner for the Manawatu Standard. 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 Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in