DEVALUATION SCHEME
FRENCH CABINET PLAN ' COMMISSION APPROVES ( SOCIALIST SUPPORT (Elec. Tel. Copyright —United Press Assn.) (.Reed. Sept. 28, 2 p.m.) LONDON, Sept. 27. The Paris correspondent of The Times says that the finance commission of the Chamber of Deputies approved of the devaluation scheme by 20 votes to 12, the Socialists and Radical Socialists favouring if and the Centre Right opposing it. and seven Communists abstaining from voting. Dollar exchanges will lie allowed to fall to between 20.15 and 22.96 francs, compared with 15.18 yesterday. The franc's sterling rate will depend on the movements of the dollar, which probably will be 4.95 to the pound, and for this reason the upper and lower limits of the franc in London should be about 99.74 and 113.68.
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Bibliographic details
Poverty Bay Herald, Volume LXIII, Issue 19131, 28 September 1936, Page 6
Word Count
125DEVALUATION SCHEME Poverty Bay Herald, Volume LXIII, Issue 19131, 28 September 1936, Page 6
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