The Archive · 1936

FRENCH GOVERNMENT "BABY BONDS"

Paris, July 9.

'A nation-wide drive to restore the rational financial situation was Inlfiated to-day by ME. Vincent Auriol, Minister of Finance, In a broadcast appeal to rich and poor to buy the new so-called "baby bonds" Issued in denominations ranging from Fr. 20 to Fr. 100,000, The bonds fall in two categories, the first consisting of one-year bonds bearing four per cent. interest and the second six-month bonds bearing. Interest at the rate of 3% per cent.

'M, Aurlol declared that the Bank of France would discount these bonds without restriction, He added that the gold exodus ha and that over Fr.£00,000,000 worth of the [precious metal had "returned home" [during the past fortnight—Reuter.

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

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