FRENCH GOLD
RECENT HEAVY WITHDRAWALS
ISSUE OF TREASURY BONDS
(United Press Association—By Electric
Telegraph—Copyright).
...... ....., ; . ... PARIS, November 30. The Bank of France, in a return, yhich it published to-day, shows that it has had a loss of gold for the week ending Ntoviember 24, of seventeen and a half million sterling. Financial authorities say it.is foreign capital, invested in Paris in the past six or seven years, which is being withdrawn.^
The French Treasury, on Decerfiber 1, is issuing 1475 million francs in five per cent Treasury bonds redeemable in five years.
PLACING OF BONDS ASSURED
LONDON, November 30
The “Financial News” says: The French Government is already assured of placing its bonds. It is believed t that the proceeds will be sufficient to cover its committments until January. . Besides, it will serve as: a warning to Parliament.. The alternative was to raise another sterling credit in London.
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Bibliographic details
Hokitika Guardian, 1 December 1933, Page 6
Word Count
147FRENCH GOLD Hokitika Guardian, 1 December 1933, Page 6
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