DEVALUATION PLAN
FRENCH INTENTIONS. SIGNIFICANT CHANGE. (United Press Association—By Electrio Telegraph.—Copyright.) Received September 29, 12.55-p.m. PARIS, Sept. 28. Pressure by tho Opposition has caused the Premier (M. Leon Blum) to make a significant change in the devaluation plans. The Government’s proposals provided for compensation to wage-earners and State employees, and for any rise of internal prices. The Opposition strongly urged that all the advantages of devaluation would soon bo lost if they resulted in increased Government expenditure. Consequently, the compensation proposals were dropped. Cabinet will instead take action if necessary by decree.
Istanbul reports that it has been announced that the Turkish Government has adopted the English pound as the basis of currency instead of the franc.
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Manawatu Standard, Volume LVI, Issue 259, 30 September 1936, Page 10
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117DEVALUATION PLAN Manawatu Standard, Volume LVI, Issue 259, 30 September 1936, Page 10
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