London, Jan. 12.
Refusal of French employers to participate in the Government's labour conference dealt a further blow to the French political and financial situation, resulting in in-greased nervousness on the London foreign exchange market this morning.
"While rigorous Control operations prevented a fall in spot francs, discounts for forward delivery further Widened appreciably, being quoted at 5% francs for one month and 9% francs for three months, compared with 3% and 6% francs' respectively dost night.
In spite of the recent disclosure ihat, for the first time in many months, revenue from indirect taxation in France for December was higher than estimated, well-informed quarters in London generally agree that the problems confronting the Chautemps Government are becoming increasingly involved, Moreover, with growing reports of pressure from the Socialist members of the Cabinet fcr the institution of restriction in foreign exchange dealings, to which M. Georges Bonnet, Minister of Finance, has hitherto been strenuously opposed, there are some o fear a split in the Cabinet, with e possible resignation of the Minister of Finance.—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.