FRENCH GOLD PROBLEM.
The Deputy fcr the Oise laid before the French Chamber of Deputies a Bill to authorise a new issue of (fold money and to settle the conditions of the legal circulation of gold coins at the close of the war. This measure, if yoted, will create au immense sensation. The object is to bring gold to the State, After careful inquiry, the total minting of gold in Franca amounts to £480,000,000. Inquiry Bbows that in the Public Treasury and “caisaea” and abroad there exist only £320,000,000 of gold money bearing the effigy of France. Thus on this calculation there must be £160,000,000 worth of gold coinage not acoonnted for. This sum should be forthcoming for the State. In order to recover these four milliards of gold which are not yet available. M, Bouffandeau, the Deputy in question, proposes that a new issue of gold monsy should be made bearing the date of 1917, and a design reminding the present generation and future possessors of this coinage of the heroism of France as defender of justice and liberty. These new coins would be the only gold money permitted to circulate as legal tender, the older gold coins would thus become obsolete. a
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Hokitika Guardian, 22 January 1917, Page 4
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204FRENCH GOLD PROBLEM. Hokitika Guardian, 22 January 1917, Page 4
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