FRENCH ECONOMIC SITUATION
AGRICULTURAL PRICES RISING
FINANCE MINISTER’S STATEMENT (United Press Association—By Electrit Telegraph—Copyright) (Received 31st March. 9.40 a.m.) PARIS, 30th March. Tlie Minister of Finance, M. Regnier, emphatically denied that the Government was considering devaluation or a gold embargo, which were especially unthinkable at a time when agricultural prices are rising, favourably, affecting the economic situation. WEAKNESS OF THE FRANC LONDON, 29th March. The Bank of England, operating through the Exchange Equalisation Account and thus presumably with Treasury approval, has thrown large funds on' to the foreign exchange market in London in an attempt, which has temporarily been successful, to prevent a drastic decline in the exchange value of the franc. Francs are offered for delivery three months ahead at 80 to the pound sterling, compared with the current rate of 75 1-10. Several city editors consider devaluation nearer.
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Bibliographic details
Nelson Evening Mail, Volume LXX, 31 March 1936, Page 5
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140FRENCH ECONOMIC SITUATION Nelson Evening Mail, Volume LXX, 31 March 1936, Page 5
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