FRENCH FINANCE
CAPITAL POURING BACK BOOM ON THE BOURBE PAINFUL IMPRESSION ON ITALY r r.:ted Press Asm.—Elec. TeL Cjuyrl*: (Received May 6, 3.15 p.m.) PARIS, May 5. Enormous amounts of exported capital are pouring back to France. The Influx is so great that the Bank of France is unable to handle all the transaction*?, and has refused to accept amounts below £ 10,000. It is estimated that the French Equalisation Fund has acquired foreign eurroncies to the value of at least £25,000,000- The fund’s operations In London netted a further £40,000,000. The continuation of yesterday’s boom on the Bourse raised rentes a further four points, while most industrials were from seven to ten per cent higher. LONDON’. May 5. The Rome correspondent of the Daily Telegraph says the devaluation of the franc has created a painful impression. as It is bound to assist the French textile exports and tourist industry at the expense of the Italian. Businessmen expect the lire to be aligned with the franc, though for reasons # of prestige this will not be done immediately.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WT19380506.2.78
Bibliographic details
Ngā taipitopito pukapuka
Waikato Times, Volume 122, Issue 20491, 6 May 1938, Page 8
Word count
Tapeke kupu
176FRENCH FINANCE Waikato Times, Volume 122, Issue 20491, 6 May 1938, Page 8
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Waikato Times. 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