Paris, Dec, 14.
Although military operations have hardly begun, the war of currencies is already in full swing and France has made a favourable start from the economic and financial point of view, M. Paul Reynaud, the Finance Minister, declared in a speech before the Chamber of Deputies today during the general debate on the new Budget.
With Nazi Germany suffering from nervous depression a victory for t Allies is certain if they are equal to the situation, he added.
"We must understand that high salaries, all labour which is not absolutely indispensable, and moderate taxes would be fatal for our currency," he stressed. "We are waging a war of determination, We must have the necessary will to produce more and consume less, The policy of the Government is to avoid a rise in prices and to increase the value of the frane on the exchange market."
Text read from the printed page and cleaned; old type leaves the occasional error.