The Archive · 1938

U.S. Hongkong Trade

Washington, May 4.

Quarterly Oriental trade statistics issued by the Department of Com:

today revealed striking Jchanges, some-apparently caused the war as exports to Hongkong and Kwantung were booming.

It had been decided, therefore, to stabilize the frane on a basis where could be defended effectively, This decision, the Premier went on, had been taken within the framework of the Tripartite Agreement, to which the French Government had remained closely attached. He intimated that he would fix the new rate some time today, and it would not be superseded.

In conclusion, if. Daladier urged that the country's savings could be invested in national currency without fear of new devaluation, but rather counting on a possible increase in the value of the frane—Reuter,

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

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