BURIED MILLIONS
FRENCH FARMERS’ HOARDS NO CONFIDENCE IN BANKS. LONDON, April 30. The Paris correspondent of the Sunday Express says France is in a precarious position. The people are evading payment of taxes and have lost confidence in their banks, while British banks are thronged with French depositors. French farmers bury their money, says the correspondent, and it is estimated that £100.000,000 are lying useless in orchards and vineyards and that more millions arc deposited in household safes. Yet France is obliged to borrow £30,000.000 in England Exporters wish France was off the gold standard but the Government is nit willing to part with tho last shilling of its prestige. Another message from Paris quotes the newspaper Figaro as saying France is in the hands of tho English. It criticises the London bankers* Inan. M. Paul Reynard. ex-Minister of Finance. regards the loan as a bad piece of news for those who flattered themselves the financial influenc. > of Franco was a factor in making peace. Tho Government was merely postponing tho day reckoning.
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Bibliographic details
Wanganui Chronicle, Volume 76, Issue 105, 6 May 1933, Page 7
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173BURIED MILLIONS Wanganui Chronicle, Volume 76, Issue 105, 6 May 1933, Page 7
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