BALANCED BUDGET
GOLD AS BASIS STILL
CLAIM FOR FRANCE IN 1935
PARIS, .September 15,
M. Germain Martin, Minister of Finance, announces that he has balanced the Budget for 1935. Estimated receipts are 47,022,000,000 francs and expenditure 45,984,000,000 francs.
He adds that the Budget will be balanced without new taxes or fresh sacrifices from civil servants and . exsoldiers.
The Government emphatically rejects devaluation of the franc, which would compromise the recovery of the financial market and cause higher prices. The preamble condemns tariff barriers as leading to material ruin and the progressive disappearance of civilisation. '' We aro persuaded,'' it states, "that European nations, also the world generally, will soon be convinced that a stable currency based on gold constitutes the sole basis of exchange, and that there will soon ble a return to normality. The fact that Franco has signed 23 trade agreements in the past year is a hopeful sign."
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Bibliographic details
Evening Post, Issue 67, 17 September 1934, Page 9
Word Count
150BALANCED BUDGET Evening Post, Issue 67, 17 September 1934, Page 9
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