FRENCH FINANCE.
STABILISATION PROCESS.
SECURITIES INCREASE IN VALUE.
BY CABLE—PRESS ASSOCIATION COPY SIGHT Received 2.10 p.m. to-day. PARIS, Jan. 25.
• M. Poincaire made an interesting financial statement in the Chamber. He said he hoped it was. possible to, maintain the present rate of exchange, about 122 francs to £l, but stabilisation by law, if brought about precipitately, might be swept away unless reinforced by the necessary safeguards. The Treasury now held the funds necessary to assure the regular service of France’s debts abroad for 1927. Since the Government came into power, the value of the French rents and national bonds had increased more than, seventeen thousand million francs, which amount was greater if the rise in the value of the franc was taken into account.
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Hawera Star, Volume XLVI, 26 January 1927, Page 5
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125FRENCH FINANCE. Hawera Star, Volume XLVI, 26 January 1927, Page 5
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