FRENCH FINANCES
FALL OF THE FRANC NEW LOW RECORD. Press Association—By Telegraph—Copyright PARIS, July 8. Considerable excitement has been caused in financial circles'owing to tho heavy fall of tho franc to 193 to the pound sterling. Tho new crash is reported to ho due to tho adverse balance-sheet published by the Bank of Franco, showing that the Government at the present rate of exchange is within dangerous proximity to tho fatal figure which will end borrowing from the bank, and also within 20,000,000 francs of the limit to which it is possible to go without further parliamentary sanction or more inflation.—A. and N.Z. Cable. POLITICAL SITUATION. OPPOSITION TO GOVERNMENT PROPOSALS. PARIS, July 8. The fall of tho franc reflects the uncertainly of the political situation, tho latest development of which is the decision of tho Republican Democratic Union Party, commanding 104 votes in the Chamber, to oppose the Government's financial programme on tho ground that it is insufficient to meet the present crisis.—Reuter.
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Bibliographic details
Evening Star, Issue 19298, 10 July 1926, Page 4
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163FRENCH FINANCES Evening Star, Issue 19298, 10 July 1926, Page 4
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