FRANCE'S FINANCES
LACK OF CONFIDENCE
HUGE SUM HOARDED
United Press Association—By Electric Tele- I graph—Copyright. (Received December 19, 3 p.m.) PARIS, December 18. M. Bonnet, Minister o£ Finance, prefaced a Christmas week hustle to pass the Budget by declaring that France would not abandon the gold standard and by predicting that Britain and America would stabilise their currencies in 1934.
The Budget rapporteur, M. Regnier, disclosed the startling fact that £240,000,000 sterling of gold and notes was now being hoarded in France owing to lack of confidence. The release of this would make a vital difference in the country's position.
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Bibliographic details
Evening Post, Volume CXVI, Issue 147, 19 December 1933, Page 12
Word Count
100FRANCE'S FINANCES Evening Post, Volume CXVI, Issue 147, 19 December 1933, Page 12
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