FINANCING THE WAR IN FRANCE
STATEMENT BY FRENCH FINANCE MINISTER INCOME TAX TO BE INTRODUCED Australian-New Zealand Cable Association. Paris, September 11. _ M. Ribot (Minister of finance), in an. 'utei'vio'.v, said: "We are determined to introduce ari income tax. Thanks to the elasticity of this form of taxation, we will be able to meet a good part of our liabilities, but undue haste in the matter of taxation would only scare the country. It has been arranged with Mr. Asquith and Mr. M'Kenna that the Allies will pool their gold. In order to render the collective financial position mora solid, and to enable England to maintain her gold standard and to enlarge the scope of her credit with the United States, the Bank of France is placing millions sterling at the disposal of the British Treasury, and the 'ireasury is opening a credit in pounds sterling in favour of Franco in. London. The gold will bo returned to tlio coffers of tho Bank of Franco after tho war."
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Dominion, Volume 9, Issue 2875, 13 September 1916, Page 5
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168FINANCING THE WAR IN FRANCE Dominion, Volume 9, Issue 2875, 13 September 1916, Page 5
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