VIVID CONTRASTS
Finances Of Britain, Italy And France London, March 23. Statements from the ’Governments of Britain, Italy, and France bring out the vivid contrast between the finances of the respective countries. - At the extremes are the soundness of Britain and the plight of Italy, with France balanced precariously in the middle. _ The “Financial Tinies,” commenting on the revenue returns, says that the Chancellor of the Exchequer, Sir John Simon, has every reason for satisfaction. In contrast with this eomes a report by the Italian Minister of Foreign Exchange, who, according to the Rome correspondent of “The Times," described the Italian trade deficit of 5,500.000 lire in 1037 as immense, adding that it demanded serious attention and must be reduced to within bearable limits. Imports must be kept down to the minimum and the export trade pushed.
The French finances also contrast with the British. The Prime Minister, M. Blum, has been compelled to resort to inflation in order to finance his armament expenditure.
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Dominion, Volume 31, Issue 153, 25 March 1938, Page 11
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164VIVID CONTRASTS Dominion, Volume 31, Issue 153, 25 March 1938, Page 11
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