FRENCH FINANCIAL MEASURES.

Colonist, Volume LVII, Issue 13773, 10 May 1915, Page 7

FRENCH FINANCIAL MEASURES.

THREE MONTHS' CREDIT TAKEN.

BIPORTANT DEVELOPMENTS FORESHADOWED.

Paris, May 7. M. Rihotj in the Chamber of Deputies, stated that France's expenses for the war in April were between fifty-six and sixty millions sterling. France was giving Britain five hundred million francs in gold, for which England was

opening a credit of three times as much for goods bought in the Empire. In order to prevent an outrageous rise in the prices of war goods a single delegate would do all the buying in foreign countries on behalf of the British, Russian and French War Offices. He only asked for a vote of credit for three months, though six months was asked

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for last time. He was able to state that certain things were in preparation which would have a considerable boaring on the duration of the war; but ■whatever its duration they had sworn to bring it to its logical end, and with the help of the Allies they would g€ the whole way.