FRENCH INDUSTRY.

Hawera Star, Volume XLV, 2 March 1926, Page 5

FRENCH INDUSTRY.

MARKED PROSPERITY

CONTRAST OF NATIONAL FINANCES.

BIT CABLE—PRESS ASSOCIATION —COPYRIGHT,

LONDON, March 1. The Paris correspondent of the Daily Chronicle says it is a strange paradox that France, whose industry is at a feverish pitch of prosperity, has its national finances in confusion. In whatever direction it turns the Government finds itself baffled in an effort to make the country pay its way, but the vast industrial structure France has raised in recent years cannot be kept going when the pinch comes unless France restores her credit. The industrial structure lias been raised largely by the aid of a depreciated currency. The present prosperity is amazing. Not a single Frenchman or woman is on dole, and the demand for manual labour is so groat that France is becoming a great field for immigrants. The country now has thirteen million visitors. The extent of the building operations is amazing. Happily, the French national seems to see the danger signal, but at present France’s position is comparable with that of Germany when the mark nosedived because it was over inflated and burst like a bubble.