FRENCH FINANCE
PLAN TO DEFEND RENTES United Press Association—By Electric Telegraph—copyright PARIS, July 20. The Cabinet has decided to create a fund to defend the price of Rentes, which it does not intend to convert. The expenditure for 1938 will be reduced by £28,000,000. M. Layberie has resigned the Governorship of the Bank of France. M. Fournier will replace him. This Is considered to be a sop to orthodox financial interests.
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Bibliographic details
Timaru Herald, Volume CXLIII, Issue 20786, 22 July 1937, Page 7
Word Count
71FRENCH FINANCE Timaru Herald, Volume CXLIII, Issue 20786, 22 July 1937, Page 7
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