FRENCH FINANCES
EXTRA EDITION.
INDUSTRY TO THE RESCUE. HUGE LOAN PROPOSED SECURED BY INDUSTRIAL TURNOVER. BY CABLE —PRESS ASSOCIATION —COPYRIGHT Received Dec. 19. 1.35 p.m. PARIS, Dec. 18. A plan whereby the leaders of industry shall come to the rescue as a solution of the financial crisis has been submitted to M. Doumergue by Nord industrialists. It is suggested that all French industrialists shall float a loan of 10,000,000,000 francs at home and abroad, secured on a tenth of the business turnover of French industry. M. Doumergue was touched by the offer, and the plan is already in the early stages of discussion by Alinisterial quarters. INFLUENCE: ON THE FRANC. Received Dec. 19, 2 p.m. LONDON._ Dec. 18. The franc closed at 127 f to the pound, rallying from 133 f under the influence of the suggested industria loan. —Reuter. —
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Bibliographic details
Hawera Star, Volume XLV, 19 December 1925, Page 9
Word Count
140FRENCH FINANCES Hawera Star, Volume XLV, 19 December 1925, Page 9
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