M. Poincaré, ip a letter addressed to the Presidents of the Finance Committes of Parliament, describes the gradual recovery of the financial position since the crisis of July last.
Revenue retains for the first adj eight months of 1926 showed an increase of 29 per cent. as compared with the same period of 1925, When the Ministry was formed on July 24 the amount which the Treasury: could legally draw from the Banque de France was down to one million francs.
The Treasury situation steadily improved in August and September, issues of National Defence and Treasury Bonds totalling 1,786,000,- 000 franes.
From July 22 to September 30 the State borrowed from the Bai que 1,550,000,000 franes and reimbursed 3,250,000,000, thus having a credit balance of 1,700,000,000, Since the constitution of the Ministry the Treasury—effected payments abroad totalling £7,242,- 178, $15,900,000 and 650,000 flo-
Oct, 2.
A detailed analysis of the finan: cia} situation in France has been officially published, The revenue for the first eight months of 1926, compared with 1925, showed an increase of 29
Per cont.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.