ADHEBENCE TO GOLD

Evening Post, Volume CXX, Issue 129, 27 November 1935, Page 9

ADHEBENCE TO GOLD

BANKERS' DETERMINATION

LONDON, November 25.

The Paris correspondent of "The Times" says that the Governors of the Bank of France have in no way modified their determination to keep the franc on gold unless or until a general stabilisation of currency is obtainable. They are working on the gold standard strictly according to rules in order to save the gold reserve, regardless of the depressing effect on trade. Business on the Bourse is brisk in spite of the raising of the bank rate to 6 per cent. Rentes recovered on an impression of improved prospects of the Government.

M. Laval will broadcast tomorrow and is expected to appeal for unity in defence of the franc and international peace. His statement and decisions in connection with the Limoges affair may suffice to stave off a concerted attack from the Left in the Chamber of Deputies on Thursday.

LONDON, November 21.

The "Daily Telegraph's" Paris correspondent says that the fate of M. Laval's Government will be decided in a three-days' debate on the Fascist question beginning on November 28.

Radicals and other Left Wing members are urging that all Fascist leagues, including the formidable Croix de Feu, should be disbanded. After meeting last night the Deputies announced that if they did not receive entire satisfaction they would join the Socialists and Communists in overthrowing the Government.

M. Laval has not yet shown, his hand, but apparently is not prepared to agree to such a drastic step, though he may enforce additional- police precautions and forbid all Fascist meetings, public and private. This, however, would merely irritate the Right groups, constituting an important part of the Government's majority.

In the Limoges affray some days ago 20 persons were wounded and admitted to hospital as the result of a street battle between a crowd and members of the Croix de Feu at the conclusion of a Croix de Feu meeting which was strongly cordoned with police and Gardes Mobiles.. Two thousand people gathered outside and jostled departing members, who retaliated with fists and sticks. A sudden shot was a prelude to a fusillade, when the fighting ceased in stupefaction. The combatants dispersed, leaving a score of wounded on the ground, which was strewn with revolvers and cartridge cases.