FINANCIAL DICTATOR.
M. CAILLAUX COMMENCES) WORK BY CABLE—PRESS ASSOCIATION—COPYRIGHT. PARIS, June 28. M. Caillaux has commenced' his career a.s financial dictator by compulsorily retiring, M. Robine-au, the governor of the Bank of France and promoting M. Moreau, of the Bank of Algeria, to the highest position in the French banking world. M. R-obineau had always refused to allow the Bank of France’s gold reserves to be used as a- cover of the Government transactions to save France.
The sensation .is increased by a report that Baron Edouard. D'e Torlisbhil.d, another director, who supported M. R-abinea-u, may also resign. M. Caillaux considers the stabilisation oi the franc is necessary, and this is unsolvalhle without resort to the gold reserves, all of which are iii the coffers of the Bank of France: M. Caillaux is also sending M. Bolianowski (a member Of the Chambers Finance, Commission) to Washington, to ascertain the possibility of obtaining credits in America.
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Hawera Star, Volume XLVI, 29 June 1926, Page 5
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155FINANCIAL DICTATOR. Hawera Star, Volume XLVI, 29 June 1926, Page 5
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