FRANCE WORRIED

Gisborne Times, Volume LXXXII, Issue 12252, 6 April 1935, Page 5

FRANCE WORRIED

SEQUEL TO DEVALUATION OE , JiELGA. ’ i INFLUX 01- BELGIAN GOODS , l WILL. CAUSE CHAOS. COULD BE SOLD CHEAPER TUAN; drench Articles. ' ; U.P.A. by Elec. T«L Copyright, Glee. April 5, 7.10 1 p.m) PARIS, April 5 Prance is t*enhlcil fit ihe devaluation of tLe beige, uecessitating Al. March-' andean. Minister of Commerce’ and experts -are • going to Brussels. The average duty oii-• Belgian' goods is only 20 per cent, so the devaluation made them cheaper than French goods. An influx of Belgian goods is likely t° pause chaos, while treaties render tariffs impossible. The only possibility seems to he a reduction of the Belgian quotas, which France is reluctant to do for political reasons. Meanwhile, gold is pouring into the Bank oif France, particularly from Amsterdam. which is also shipping gold to New York ~ It is believed that! the Dutch are inclined to turn gold guilders into goods in ease the guilder loaves the gold standard CHECK ON OUTFLOW OF FUNDS. NETHERLANDS BAN K R VISES DISCOUNT RATE. (U.P.A. by Elec. Mol. Copyright) nice. April r> 8 I'.III.) AMSTERDAM. April A With a vk w to checking the outflow uf funds the Netherlands Bank raised' the discount rate from 21 per cent to I>o-i; cent. Gold shipments during the past week total nbo-uti £10,000,(100.