FRENCH FINANCES.
POSITION CAUSING DISQUIET. London, March 22. The financial situation in France is causing disquietude. The franc has depreciated considerably and during the past week touched 27.G for £1 sterling, with an average of 27.44. There was a rise of 1.44 on the week. The depreciation is said to be due to the modification of the financial relations between Britain and France. The feeling in financial circles is that France should make a plain statement as to how her budget is to be balanced, and that she is rely ing too much on the German indemnity instead of putting her house in order.
The Reparation Commission has practically made little progress, indeed it has not yet arrived at an agreement in principle, and it may end in the Council of Ten having to solve the problem.—Aus. N.Z. Cable Assoc. (In normal times 25 francs, or a little more, exchange for £1 sterling.)
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Taranaki Daily News, 28 March 1919, Page 5
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153FRENCH FINANCES. Taranaki Daily News, 28 March 1919, Page 5
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