Word: franc
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...reported that Hungary is to get a 500,000,000 gold franc loan ($100,000,000), which will be controlled by the Reparations Commission with a League Commissioner acting in an advisory capacity...
...memorandum reminds France that no payment on her British debt has been made. It says that the "present practice of adding interest to capital cannot be indefinitely continued," and it suggests that payment of "part of the interest should be made as soon as sterling and franc exchange become reasonably stable." This is in case France refused to accept the British proposals...
...French franc hit a new low record for the year, on Aug. 2, in consequence of the British Ruhr note. The franc touched 5.71, which is within one point of the low record for all time. Boulevardiers darkly hinted at "intenational bankers" bringing pressure on France to force her to recant her foreign policy...
...reparation of the devastated areas, France paid, up to January 1, 1923, $5,985,000,000. Further work to be done will cost $3,150,000,000 more, making a total bad debt of $9,135,000,000. The only comfort for the French lies in the fact that the deficits thus incurred are represented by tangible property improvement and reconstruction, so that the country is richer by that much material gain, whether the franc depreciates further...
...stone. Herein its advocates are wise. Today as yesterday the people are too busy to substitute a new language for every-day use. Tomorrow the case is apt to be the same. Not until the economists have taught the people a new relationship between the mark, the pound, the franc, and the dollar, will there be time to begin learning a common denominator for the un, deux, trois, the ein, zwei, drei, and the one, two, and three...