CRISIS TEMPORARY OVER
APPEAL TO THE NATION ACTION BY CABINET i Unite 1 Press Association—By _.lef’t"ic Telegraph—Copy rigbtl (Received 14th January, 10.10 a.m.) PARIS. 13th January. The French crisis due to the rapidly deteriorating financial situation is at least terqporarily over. M. Chautemps and M. Bonnet agreed that another effort should be made by appealing to the nation to support the Government’s effort to protect the franc and establish social peace. An official statement says that the Premier and Finance Minister acquainted Cabinet with the fact that the political and financial situation had grave repercussions on the exchange markets. Cabinet unanimously decided energetically to defend the franc and France’s financial position and authorised M. Chautemps to make a declaration in Parliament in order to associate Parliament and the nation with this effort at public salvation. M. Bonnet issued a statement that the Government unanimously rejected exchange control and regards a balanced budget more than ever indispensable. THE FRENCH FRANC (Received 14th January, 10.40 a.mj LONDON, 13th January. Sterling exchange on Paris, 149* francs to £l. The rate on 12th January was 147 11-16 francs to £l.
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Bibliographic details
Nelson Evening Mail, Volume LXXI, 14 January 1938, Page 5
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186CRISIS TEMPORARY OVER Nelson Evening Mail, Volume LXXI, 14 January 1938, Page 5
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