FINANCIAL CHAOS.
PROSPERITY IN INDUSTRIES, AN EXTRAORDINARY PARADOX. Australian and N.Z. Cable Association. (Reed. 5.5 p.m.) LONDON, March 1. The Paris correspondent of the Daily Chronicle writes: "It is a strange paradox that a country like France, the industry of which is at a feverish pitch of prosperity, has its national finances in confusion. In whatever direction the Government turns it finds itself baffled in the effort to make the country pay its way. " But the vast industrial structure which France has raised in recent years cannot be kept going when the pinch comes unless she restores her credit. " The French industrial structure has been raised largely by the aid of a depreciated currency. The present prosperity is amazing.
" Not a single Frenchman or woman hi on the dole. The demand for manual lab our is so large that France is becoming a great field for immigrants. There are now 3,000,000 visitors. " The extent of the building operations is amazing. Happily the French nation seems to see the danger-signal, but at present the position of If ranee is comparable to that of Germany when the mark ,'nose-dived,' became over-inflated and hurst like a bubble."
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New Zealand Herald, Volume LXIII, Issue 19265, 2 March 1926, Page 9
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194FINANCIAL CHAOS. New Zealand Herald, Volume LXIII, Issue 19265, 2 March 1926, Page 9
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