Further Move to Policy of Easy Money Paris, Dec. 11.
Under the signature of the Finance Minister, M. Paul Reynaud, the "Journal Officiel" publishes this morning a series of decrees reducing by 0.25 per cent. the rates of interest on all categories of short-term Treasury and National Defence bonds floated by the French Government. The decrees are to take effect as from tomorrow.
Political circles here interpre new measure as a fi ds a policy of ca: as an inducement to cap vest in perpetual and long term minent securities.
The same cir h financial improvement which has been Japperent for the last few weeks is pursuing unabated; the vote of confidence won by Premier Daladier in Parliament resulted in feather returns lof capital to France, while French stocks climbed to higher levels, as well on the Paris Bourse as on the foreign markets.—Havas.
Text read from the printed page and cleaned; old type leaves the occasional error.