Word: franc
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Cold and Cash. A prolonged and most exceptional cold wave has smitten France during the past month, thus still further hurting Riviera tourist trade. Twenty persons died of the cold in France last week, when the thermometer fell to 14° above zero in several cities.† Moreover, Signor Mussolini has lured many tourists from the French to the Italian Riviera by " cutting down Italian tourist taxes while those in France remain high. Finally the doubling of the gold value of the franc in five months (TIME, July 26) has scared away still more tourists and produced a serious fiscal...
...hardships came fatefully on the eve of elections affecting one-third of the French Senate which will be held in mid-January. The present Senate is predominantly Conservative and has stood as the rock upon which Premier Poincaré has based his efforts to increase the value of the franc...
...Kerr and Miss Bainter are most irretrievably in love through the introduction of 266 amatory forms of address, 33 kisses, and 18 embraces. At the end of the act Mr. Kerr has gone off to marry his Father's choice in a plot to obtain the 500,000 franc bribe and then desert her, while Miss Bainter has gone off to a mysterious Baron "with a car a mile long" who has been writing her tender notes...
...franc appreciated to 25 to the dollar last week, its highest since 1925, a rise of 20% in gold value since November. Premier Poincaré thereupon decided to peg the franc against further rise or decline. By his order the Bank France announced that until further notice it would buy or sell any number of francs at 25 to the dollar. Instantly speculation in the franc ceased. Frenchmen sighed with relief for a further rapid rise would have raised the gold price of French goods so much that French exporters would have been ruined...
...black field the golden lion of Belgium, below the motto L'Union Fait La Force. . . . King Albert of the Belgians stepped back from decorating M. Franqui. All the world knows that it was M. Franqui who negotiated the $100,000 000 loan which stabilized the Belgian franc (TIME, Nov. 8). Therefore King Albert warmly eulogized M. Franqui, bade him a pleasant journey to the Riviera whither he departed to recover his health, impaired by his great labors. Before he left Brussels, M. Franqui resigned as Finance Minister, but not until he had drawn up a voluminous memorandum covering every...