TREASURY BILLS
ISSUE BY FRANCE.
SHORT TERM MONEY-MARKET.
(United Press Assn.—Telegraph Copyright.) (Rec. 6.30 p.m.) Paris, January 25. The Chamber of Deputies approved by 250 votes to 122 a Bill authorising the issue of treasury bills in 1935 aggregating £69,000,000. The measure aims at the creation of a short term money market similar to England’s, thawing frozen capital ip order to promote economic recovery. The bills would be rediscountable by the Bank of Paris. M. Bonnet said the Government would need £260,000,000 which was available only by using the sinking fund.
M. Flandin, who was given an ovation, declared that there was no danger of inflation or increased prices. The Government was doing its utmost to restore credit and would grant manufacturers a special unemployment bonus and possibly reduce the hours of labour.
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Bibliographic details
Southland Times, Issue 22491, 28 January 1935, Page 7
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133TREASURY BILLS Southland Times, Issue 22491, 28 January 1935, Page 7
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