Foreign exchange allotment system has been applied to some articles since last year. The system will be extended to various kinds of imports, Export of Japan's staple goods has been encouraged by the government, which urged manufacturers' or exporters' associations to form export "Quiet but sultry" was a leading broker's description of the foreign exchange market this morning, in an interview with Reuter, following the formation of the new French Government, While satisfaction was generally expressed that "the political tension in France had been alleviated, well-informed quarters were very reserved in their opinions regarding the future trend of events.
The technical position of the frane, it is pointed out, is weaker than when the previous -Cabinet was installed, and the budgetary and. industrial problems remain unsolved.
It is generally agreed that a solution to these problems is of paramount importance, in that the Government cam expect to receive the confidence of the capitalists, upon whom the rehabilitation of the French industry depends, only when they are solved, Some quarters believe the Parliamentary basis of the present Cabinet is not sufficiently broad to bring about peace or at least, a long truce between labour and capital—Reuter, control organizations, because controlled and organized export has become necessary to meet foreign competition.
These export control organizations enable the Japanese Government to follow the actual trend of exports of commodities shipped. Thus the authorities can judge the amount of raw materials required for export goods and allot foreign exchange licenses on a rational basis.
Nevertheless, in view of the "emergency" period, preference for such exchange licenses will continue to be given to the munitions industry.—Reuter
Text read from the printed page and cleaned; old type leaves the occasional error.