BURIED MILLIONS
FRENCH FARMERS' HOARDS NO CONFIDENCE IN BANKS LONDON, April 30 The Paris correspondent of the Sunday Express says France is in a precarious position. The people are evading payment of taxes and have lost confidence in their banks, while Britisih banks are thronged with French depositors. French farmers bury their money, says the correspondent, and it is estimated that £100,000,000 are lying useless in orchards and vineyards and that more millions are deposited in household safes. Yet France is obliged to borrow £30,000,000 in England. Exporters wish France was off the gold standard but the Government is not willing to part with the last shilling of its prestige. Another message from Paris quotes the newspaper Figaro as saying France is in the hands of the English. It criticises the 1/ondon bankers' loan. M. Paul Beynaud, ex-Minister of Finance, regards the loan as a bad piece of news for those who flattered themselves the financial influence oi: France was a factor in making peace. The Government was merely postponing the day of reckoning.
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New Zealand Herald, Volume LXX, Issue 21480, 2 May 1933, Page 9
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174BURIED MILLIONS New Zealand Herald, Volume LXX, Issue 21480, 2 May 1933, Page 9
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