FRANCE OFF GOLD
FRANC DEVALUED Sharp Rise In Prices Press Association —Copyright. Paris, July 2. France for the first time since 1928 officially went off the gold standard to-day. The low rate reached by the franc caused some uneasiness in financial circles. The Bourse showed the expected rise in quotations, but less exuberantly than after devaluation in October. The rise of Government stocks was relatively small. A decree will be published to-mor-row imposing penalties on shopkeepers for unduly rising food prices. Railway fares are being increased oy 15 per cent. A great number of decrees will be issued after- the rising of Parliament, probably at the week end or early next week. *
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Taranaki Central Press, Volume IV, Issue 463, 3 July 1937, Page 5
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112FRANCE OFF GOLD Taranaki Central Press, Volume IV, Issue 463, 3 July 1937, Page 5
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