FRANCE: National Finances

Coincident with news that France intends to float in the U. S. a refunding loan of at least $100,000,000 came an announcement that Prime Minister Raymond Poincaré, popularly known in France as "Papa" Poincaré, had in the last year lopped 14,000,000,000 francs (about $547,400,000 at present rates of exchange) off the state debt to the Bank of France.

M. Poincare, who is also Minister of Finance and cousin of the famed mathematician, Jules Henri Poincare, took over the control of French finances last year (TIME, Aug. 2, 1926). At that time, with the...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!