The Archive · 1938

Powers Seek Re-opening France's Recovery Programme

Of Yangtze

Washington, Nov. 12.

Drastic Decrees to Put Country Back on Feet; Mr, Cordell Hull, Secretary of Three-Year Plan of Work and Reform State, announced today that the)

United States had made representa-Paris, Nov, 13, tions to Japan on the reported Jaan effort to further the financial and economic recove, panese restrictions of trade on the of the country, in regard to which it contemplates a three. Yangtze river. "year Mr. Hull said that sometimes occa plan, the French Government has issued a series of decrees Which sions arise in connection with naviga-Reynaud, the Finance Minister, in a broadcast last tion problems on the Yangtze, neces-declared are aimed at recreating a prosperous and strong sitaring the government's communica-land constitute the first slop on the road to recovery, tions to Japan, He did not, however, He added [specify what instance occasioned the that the financial and economic situation was very grave but good atest Washington representations. news was that they were certain to overcome it, Mr, Hull also announced that no The decrees include the following: reply had been received from Tokyo) A revaluation of the gold stock anticipated, will prove the iresiea in answer to the United States note] of the Bank of France at the rate stumbling-block, The Leftist part: of 170 franes to a pound sterling. are expected {0 voice their oppo! credit of £570,000 to ald ton in declaring that the envisaged Powers Ask Opening French agriculture. recovery will be carried out chieh 'A Sie-day week for three years. at the expense of the working classes 'A_special emergency national Of Yangtze contribution of two per cent. on Havas. all. professional incomes.

Controt of Foreigners London, Nov. 12.

An increase, by an unstated Paris, Nov. 12.

Parallel Notes, containing amount of rates of income-tax.

The Home Minister, M. Albert Sar firm representations regarding Abolition of the French national xaut, signed a special decree today en: navigation on the Yangtze, lottery as from January 1, 1940. foreing the control of all foreigners have been made to Tokyo by Readjustment of certain' indirect resident in France.

Great Britain, France and taxes, including those on coffee, 'A special brigade of gendarmes to America. The British note de-petrol, sugar, tobacco and wine. patrol the borders will number clares that discrimination has Stricter watch to be kept on and will make it practically ime foreigners in France, and imposi-possible for anyone to enter the coun. been made against British shiption of restrictions on the acquisi-try by other than the legal routes, ping that the Japanese have tion of French nationality, Special police will also control the time and again promised to reopen the Yangtze, following the The revaluation of the Bank of actual departure of expelled foreign ers, the decree also provides.

France's gold reserve at 170 francs fall of Hankow, and that this will yield a profit of about £170,000, Finally, nsturalisation—procedure has not been done—Reuter.

000 Gold is at present valued at about wilt be beset with more, strit rules M0 franes to a pound. than to date, and naturalized foreign: In regard to the decree providing fers will be granted voting rights only of October 6, protesting against the five years. after they have cswumet help for French agriculture, it stipu closing of the "Open Door" in China.

French nationality.—Havas, lates that an appropriation to special 'The Secretary of State also indicated recounts of 100,000,000 francs, repay' that the United States representation able in 10 years, should be devoted was not parallel to reported similar} to agriculture at home and in the representations from London and British Rearmament Colonies by way of bonuses, subsidies Paris—United Press. or Toans. Agricultural production, it adds, should be rationalised by agree

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