In Paris last week Minister of Merchant Marine Leon Meyer announced that when accountants went over the French Line's books last spring, preparatory to the Government's granting a larger subsidy, the accountants over-estimated the French Line's losses by one billion francs ($39,000,000).
Having in effect found this lost billion, M. Meyer presented optimistic plans for reorganizing the French Line purely as an ocean carrier, getting it out of its extensive hotel business in French Morocco, a pioneer work which has not paid.
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