SENATE GRANTS FULL POWERS
FINANCIAL MEASURES IN
- FRANCE PARIS, October 5. The Senate, by 286 votes to 4, adopted the Bill giving the Government full financial powers. The Minister of Finance (Dr Paul Marchandeau) assured the Senate that the Government was concerned only with ensuring sound finances and the maintenance of the stability of the franc. He promised that the powers would not be used for other purposes. The first decrees will be published next week. Meanwhile public confidence is returning. French investors alone yesterday bought short-term bonds valued at £6,667,000. M. Abel-Gardey, chairman of the Senate’s Finance Commission, reported on the 1939 Budget The deficit is expected to amount to £66,000,000. The Government’s borrowing powers will be extended only by £7,800,000 more.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ST19381008.2.51
Bibliographic details
Southland Times, Issue 23634, 8 October 1938, Page 7
Word Count
123SENATE GRANTS FULL POWERS Southland Times, Issue 23634, 8 October 1938, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Southland Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in