FRENCH FINANCES
3.15 P.M. EDITION
REDUCTION OF EXPENDITURE
(United Press Association—By Electric Telegraph—Copyright.) Received July 21, 10 -a.m. PARIS, July 20. Cabinet lias decided to create a fund to defend the price of rentes. It does not intend to offer a conversion loan. The eSpenditure for 1938 will be reduced by £26,000,000.
BANK OF FRANCE
CHANGE IN GOVERNOSHIP
Received July 21, 9.15 a.m. PARIS, July 20
M. Layberie has resigned from the governorship of the Bank of France. M. Fournier will replace him. '1 his is considered to a a sop to the orthodox financial interests.
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Bibliographic details
Manawatu Standard, Volume LVII, Issue 197, 21 July 1937, Page 10
Word Count
96FRENCH FINANCES Manawatu Standard, Volume LVII, Issue 197, 21 July 1937, Page 10
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