FRENCH FINANCES
COST OP OCCUPATION (Rec. 7 p.m.) PARIS. Sept. 17. “The four years of German occupation cost France £4,500,01X1,000,” says a statement by the French Finance Minister (M. Le Percq). “The public credit, however, is intact. Liberation brought immediate relief from the Germans’ steady financial drain, which is estimated at £4,000,000 a day, apart from extraordinary imposts.” M. Le Percq said he had received encouraging news about the resumption of tax payments. Bonds were holding firm on the Bourse, and the speculative rise in stocks was a happy sign that the public had regained confidence in the money value of the franc. Money in the country would recover its purchasing power as increased production helped the supply situation. The Allies had imposed stringent measures for the restriction of their troops’ purchases, in order to impose the most limited demands oa the nation's supplies.
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Press, Volume LXXX, Issue 24366, 19 September 1944, Page 4
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144FRENCH FINANCES Press, Volume LXXX, Issue 24366, 19 September 1944, Page 4
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