The financial agreement reached between the British and French Treasuries was welcomed in Washington where it is considered Indispensable complement. to the blockade war, Financial circles here stress that the "new agreement will not. affect the operations of the tripartite monetary accord between - France, Great Britain, and the United States, and will not" hamper" American rade, Essential Uniled states ex. ports' will not. suffer, while. imports of raw materials such as rubber can only benefit by the new state of affairs.—Havas, the war at the prose exchange parity between the pound find the frane should be maintained Each of the signatories now will have facilities t-supply itself with currency of the other UWilize this money" freely' according Hot Encounters on Western Front Paris, Dee. 12. the terms of the agreement, Moreover, ina spi egeoperation, the. communiqu MIN. Reyratd and Sie John she decided on the. proportion in which certain common charges, of war will be shared between their (we counties Sir Joh, in_addition, communi-ated "measures" that the British Government is taking in respect to French export trade in Britain, Finally, it was agreed that the Treasuries should Keep in constant close contact and. that frequent meetings should be held to settle all feehvieat problems and to" discuss stich general questions as. that price policies, the communique eon-eluded, hight, latest information, shows, the communique stated, "there" were short encounters In' thie region between the Saar and the Warndt For. st. Dutring the day, there was yet nother engagement as well s article tery action in the same region. Our outpost line has retained contact everywhere." the communiciue on-
Analysing the true worth of this accord, authoritative French quarter: declared the Allies now will be able to obtain freely currency from each other to cover all their needs without furnishing gold backing,
Text read from the printed page and cleaned; old type leaves the occasional error.