Simon's announcement in London, the Finance Minister, M. Paul Reynaud, today informed the French press of the agreement concluded by" Britain and France during Sir John's visit here on December 4.
"The accord, he stated, will last for the whole duration of' the war and six months after peace Is concluded.
applies not only to the mother countries, but to both powers" huge empires, Not financial questions atone, but economic questions, 00, are dealt with. In the agreement which was Inspired by the same spirit which decided the French and British Governments to unite their armies under a single command, M, Reynaud stated.
'The' energies of the French and British peoples, he added, henceforth will be directed more than ever into 1 single channel with final victory fas the common objective, official communiqu issued ing declared the solidarity the Allies for it was re-for the duration basis of respective natural resources, other. sim that the ratio for the presen be three to two, with Britain. the Areater contributor, the same quat-tors declared.
"After three months of war," one prominent commentator pointed out Tonight, "the Allies have unified their military command, diplomacy and international policy, all of whose coordinated direction' and activity assured by the Supreme War "Since November 17, they have a common programme of armaments, Supplies, "naval transport, and. Inter-ministerial organization whicn decides on imports and. avoids con-ict of purchases abroad, "Today," this commentator added, "they have added to. this unity: aims and means in establishing complete monetary' solidarity "The two wealthiest countries in Europe now have a common. purse. This total Franco-British alliance, in fact, is without precedent in the histories of the two. countries One objective of the historic alliance, other observers stated, is 10 assure consolidation of the regard fo the pound sterll other currencies Chief advantage to be drawn fr the accord, in French eyes, is that France now need export no gold to cover" purchases made. in pounds ferling either in the British Dominions or even some neutral countries.
Britain, on the other hand, finds advantages in the agreement' since she now need not export gold. cover expenditure in France—Havas
Text read from the printed page and cleaned; old type leaves the occasional error.