A FINANCIAL CRISIS
FRENCH CABINET MEETS measures’ decided on LONDON. June 15. (Received June 15, at 10 p.m.) The raising of the French bank rate affected the London markets, which have foreseen a new crisis for the franc and have been watching developments without anxiety A Paris message states that the Cabinet, after a long meeting, agreed on measures to meet the financial crisis. The details have not been issued, but it is believed -hat they include the following:—The Bank of France to advance to the Government £90,000,000 without interest, revision of tariff, higher taxes on tobacco and matches, and possibly an increase on rail fares.
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Otago Daily Times, Issue 23218, 16 June 1937, Page 10
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106A FINANCIAL CRISIS Otago Daily Times, Issue 23218, 16 June 1937, Page 10
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