FINANCIAL CRISIS IN FRANCE
LONG CABINET MEETING (Received June 15, 8.40 p.m.) LONDON, June 15. The raising of. the French bank rate from 4 per cent, to 6 per cent, affected the London markets, which have foreseen a new crisis for the franc and have been watching the developments without anxiety. A message from Paris states that Cabinet, after a long meeting, agreed on measures to meet the. financial crisis. The details were not issued, but it is believed that they include an advance by the Bank of France to the Government of £90,000,000 without interest, a revision of tariff, higher taxes on tobacco and matches and possibly an increase in railway fares.
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Southland Times, Issue 23227, 16 June 1937, Page 5
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113FINANCIAL CRISIS IN FRANCE Southland Times, Issue 23227, 16 June 1937, Page 5
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