FRANC STILL LOW.

Press, Volume LXII, Issue 18681, 3 May 1926, Page 7

FRANC STILL LOW.

DESPITE DEBT SETTLEMENT. (bt oabus—pbsss association—coptmght.) (atjsthalian akd x.z. cable associattok.) NEW YORK, April 30. Despite the agreement reached at Washington to fund the French debt tho franc continued to-day to hover around the record low level, dealings being made at 0.3.28 dollars, while sympathetic reaction carried the Belgian franc down to a new minimum price for the year of 0.3.36 dollars. French bonds, however, reflected a favourable response to the settlement.

SETTLEMENT OPPOSED IN SENATE. (AUSTRALIAN AMD Hi. CABLE ASSOCIATION.) (Received May 2nd, 5.5 p.m.) WASHINGTON, April 30. The French war debt settlement, transmitted by President Ooolidge to Congress on Friday, met with immediate opposition in the Senate, where a number of the Senators made demands that the Finance Committee should make a thorough-going investigation into all the 'acts of the American Debt Commission. Senator Borah declared that France was the most prosperous nation in Europe. She had been prosperous for the last three years. If could not collect more than fifty cents on the dollar, it was because French citizens were unwilling to pay taxes commensurate with the obligations placed upon them. In transmitting the debt settlement, President Coolidge said: "Settlement upon the terms set forth in the agreement is fair and just to both nations."