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  2. AMERICAN STATEMENT

    On the authority of the President, the Secretary of the Treasury, Mr. Morgenthau, to-night announced that the Treasury had ...

    Article : 198 words
  3. FRENCH MINISTER'S VIEWS

    The French Minister for Finance, M. Vincent Auriol, commenting on the agreement, in an interview with the press, said it constituted the ...

    Article : 78 words
  4. DEVALUATION OF FRANC

    With the concurrence of the Brittish and American Governments, the French Cabinet has decided to devalue the franc to align it with the dollar and pound. A communique published in Paris this morning states that ...

    Article : 165 words
  5. FRENCH CONTROVERSY

    The devaluation of the franc speedily aroused a controversy. M. Reynaud. ex-Minister for Finance, recalls that he urged the ...

    Article : 84 words
  6. PROFIT ON GOLD

    The requisitioning of all gold will, under the new price, give the Government a profit estimated at between £175,000,000 and ...

    Article : 82 words
  7. FRENCH DECREE

    An official French decree provides for a moratorium on all commercial payments in gold or foreign currencies, falling due after to-morrow. ...

    Article : 150 words
  8. NO CHANGE IN STERLING

    The French Government decision to readjust its currency and the conclusion of the monetary agreement between Britain, the United States, ...

    Article : 353 words
  9. EFFECT ON AUSTRALIA

    Increased French purchases of Australian wool are possible as a result of the devaluation of the franc. A Commonwealth Bank ...

    Article : 282 words
  10. IMPORTANT MOVE

    It is felt that the new move by France may prove to be the first step towards an ultimate stabilisation of the world's currencies. The ...

    Article : 91 words
  11. BRITISH STATEMENT

    The British Treasury issued the following statement at 12.30 a.m.:— "His Majesty's Government, after consultation with the French and ...

    Article : 583 words
  12. WORLD CURRENCIES

    The various categories of world currency are, firstly, the sterling group led by Britain, which has adopted a pound inconvertible to ...

    Article : 166 words
  13. FOREIGN CURRENCY

    Assumedly at the request of bankers, the foreign exchange market was not opened to-day and foreign currency dealings were suspended. ...

    Article : 38 words
  14. DRAIN ON GOLD

    The "Daily Mail" correspondent in Paris says it is estimated that France lost over £11,000,000 in gold exports during the past week. A ...

    Article : 46 words
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