RENEWED CONFIDENCE
GOLD RETURNING FROM ABROAD
THE FRANC STRONG
{By Telegraph— Trees Association —Copyright.!
PARIS, December 22
The Minister of Finance, M. Reynaud, defending his financial policy in the Chamber of Deputies today, said that the recovery measures had increased confidence and caused stocks to rise to £335,000,000.
Government bonds alone, he said, had recovered £167,000,000, and gold was voluntarily returning to France. The franc continued strong, and the Exchange Equalisation Fund had even had the support of sterling in recent weeks, entirely reversing the previous position.
He added that nobody had effectively challenged the policy which was' resulting in increased employment, higher production, and lower interest rates, and giving every indication of an industrial revival.
M. Reynaud refuted charges of currency inflation, asserting that he had merely utilised the influx of capital which was voluntarily placed at the
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Bibliographic details
Evening Post, Volume CXXVI, Issue 151, 23 December 1938, Page 9
Word Count
139RENEWED CONFIDENCE Evening Post, Volume CXXVI, Issue 151, 23 December 1938, Page 9
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