FRENCH CRISIS

Press, Volume LXXIII, Issue 22135, 3 July 1937, Page 15

FRENCH CRISIS

CURRENCY PACT TO BE CONTINUED

UNDERSTANDING AMONG THREE POWERS

ANNOUNCEMENT IN U.S

(TNITSD PRESS ASSOCIATION —COPYRIGHT.) (Received July 2, 5.10 p.m.) NEW YORK, July 1. _ Mr Henry Morgenthau, jun. (Secretary of the Treasury) announced that after an all night conference with representatives of the British and French Governments, an understanding had been reached about the continuance of the tripartite currency agreement. Mr Morgenthau emphasised that there had not been any revisions of the operation of the agreement.

The three nations were continuing to use their stabilisation funds for the prevention of undue fluctuations of their currencies and for the maintenance of the ratio. He added that Belgium, Switzerland, and the Netherlands would be informed about the situation.

FRANCE ANXIOUS TO COOPERATE

ASSURANCE GIVEN TO BRITAIN

BRITISH MESSAGE TO ?,I. BONNET

(Received July 2, 5.10 p.m.) LONDON, July 1. Asked in the House of Commons if he had received any intimation from the French Government about its attitude towards the tripartite currency agreement, the Chancellor of the Exchequer (Sir John Simon) stated that he had been assured that the French Government was anxious to continue in close co-operation with the Governments of the United States and Britain. He had sent a reply to M. Georges Bonnet (French Minister for Finance), stating that Britain looked forward to a continuance of close co-operation between the British and French Treasuries under the tripartite declaration, and hoped that France would soon emerge from her temporary difficulties.

Sir John Simon added that he understood that a 'similar message was being sent to M. Bonnet by Mr Henry Morgenthau, jun. (Secretary of the United States Treasury).