FRANCE: Bull's Billion & Bonnet

The most vital French news event of last week occurred in England, where Chancellor of the Exchequer Sir John Simon quietly asked of Parliament, and very shortly was granted, leave to add a billion dollars (£200,000,000) to the Exchange Equalization Fund of $750,000,000 with which John Bull has been operating in the world's money markets. He revealed that last March 30 the Fund possessed 26.674,000 oz. of fine gold, or $933,590,000 worth, compared to $2,584470,000 owned by the Bank of England and $11,000,000,000 worth by the U. S., whose currency stabilizing fund...

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