France to Remain On Gold Standard
PLAN FOR DEVALUATION DENIED United Press Association.—By Electric Telegraph.—Copyright. ,> PARIS, March 5. Germain Martin, Finance Minister, states that France will remain on the* gold standard. He emphatically denies the report that the Government is studying a plan for devaluation. Additional Duty on British Goods ?
Received Wednesday, 7.10 p.m. PARIS, March 5.
The Premier (M. Flandin) speaking in the Chamber of Deputies, hinted that, if the fall in sterling continues, France may impose an additional duty on British goods. Sterling’s Firmer Tone Received Wednesday, 8.40 p.m. LONDON, March 5. The Times' city editor says that sterling's firmer tone, initiated on March 4, was more pronounced yesterday, proving not only repatriation of foreign funds but also that “bear" selling had caused the fall. The “bear" speculators arc noiv closing their commitments. The British ex- ' change equalisation fund did not operate. -
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Manawatu Times, Volume 60, Issue 55, 7 March 1935, Page 7
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144France to Remain On Gold Standard Manawatu Times, Volume 60, Issue 55, 7 March 1935, Page 7
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