Recovery plan IN FRANCE
FOLLOWING BRITISH LEAD
OFFICIAL announcement
INTERNAL PRICES (0 WORf.O UIVKJ.S
I ■ r; Cl.RC.tkic I cSITI:D .iEi'.E«n.U'i<-torvi;p.;iir.) (Received April 23, 10.5 p.m.) PARIS, April 23. it is officially announced that r ra nce is following Great Britain's i d by trying to adapt internal dees to world levels. The immediate objectives of M. Doumergues reovery programme are a reduction If interest rates, and of the cost of living, a nd a n atlonal P Llbllc works P TheTommunique adds; "It cannot hut be admitted that with a balanced budget and a currency immediately convertible into gold, the r rpnc h Government cannot borrow , less than 6 per cent., whereas the British Government can borrow at 2j per cent. "By prudent and progressive reduction in the high cost of living in France, we shall adapt internal t0 external prices." The new policy also favouts an increase in the prices of raw materials, which would facilitate the resumption of international transfers. This is also the British policy.
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Bibliographic details
Press, Volume LXX, Issue 21147, 24 April 1934, Page 11
Word Count
168Recovery plan IN FRANCE Press, Volume LXX, Issue 21147, 24 April 1934, Page 11
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