FRENCH FINANCES
AN IMPROVING POSITION & OUTLOOK. By Telegraph—Press .association—Copyright. (Received This Day, 12.15 p.m.) PARIS, May 25. The Minister for Finance, M. Paul Reynaud in a broadcast said France had now no short-term loans abroad. He signed contracts yesterday with Dutch and Swiss banks, converting six months’ borrowings into a six-year loan. France’s new internal loan just closed had proved one of the greatest successes since 1928. The treasury will not appear on the capital market as a borrower for a considerable time. The economic position was improving simultaneously with the financial position.
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Wairarapa Times-Age, 26 May 1939, Page 6
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93FRENCH FINANCES Wairarapa Times-Age, 26 May 1939, Page 6
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