The Archive · 1935

FLANDIN ATTACKS DEVALUATION

Paris, Jan, 26, The Chamber of Depuities last fight approved of the Government's Finance Bill by a vote of 450 to 120.

This bill raises Umit for the issue of short-term 'Treasury. bills from 10,000,000,000 to 16,000,000. 000° francs, by authorizing' the issue, during 1935, of Treasury bills 10 the' value of 5.600,000,000 ¢rancs.

The bill, which M. Flandin described as 'a great experiment, aims fat creating "a short-term money market similar to that which has been obtained in England.

'M, Flandin scathingly attacked advocates of devaluation, and said that the French government would persevere in its policy of equilibrium, "Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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