FRANCE: Stabilized

Premier Poincare transferred to U. S. banks last week $8,200,000 worth of gold, which arrived safely at Manhattan and was placed to the account of the Bank of France.

Said Premier Poincare in Paris: "The Government has now held the franc stable at approximately 25 to the dollar and 123 to the pound since the first of the year (TIME, Jan. 3). ... The Government will do everything in its power to maintain this stability, and will continue to buy and sell francs at this rate until further notice. . . ."


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