Word: france
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Obvious answer: Luxembourg. The tiny Grand Duchy has a customs union with Belgium and subjects of Grand Duchess Charlotte mostly think of the Luxembourg franc as interchangeable with Belgium's. They scratched their heads dubiously when the Grand Ducal Govern-ment decided that the Royal Belgian Government's example of 28% devaluation was a bit extreme, proceeded this week to devalue the Luxembourg franc...
...majority of U. S. shopkeepers who disappointed President Roosevelt by not kiting prices as high as he thought they would. Belgian shopkeepers, keen exchange watchers, raised prices this week almost as fast as the belga fell. This made Premier van Zeeland so angry that he lashed out: "The Belgian franc ought to buy just as much merchandise as it did a year ago. Stop thinking of the monetary question, my countrymen! We are here to defend the franc and your savings. Keep calm...
Emphasizing the state's role last week, Premier Flandin further ordered what amounts to printing an advertisement of the Normandie in the form of French 1.50 franc stamps-the denomination for overseas postage-so that small steel engravings of the Normandie will automatically be mailed to all parts of the world...
...With the franc high & dry on the gold standard, French costs have risen so high that French goods in quantity cannot now compete in the world market. Premier Flandin's solution is to say that France is a quality-producer (TIME, Feb. 4). France's solution is to produce less. Last week there were nearly half a million Frenchmen on relief (alltime high), many times that number living out of the sacred family stocking. Also last week the leader of the Peasant Front, Henry Dorgeres, was telling the farmers of Normandy and Brittany...
...service as an infantry officer, he returned to the stage, was made a life member in the Comedie. Irked by that august organization's politics, he found in 1926 that it was harder to get out than to get in. He bought himself free with a 200,000-franc settlement. His record: more appearances in de Musset than any other actor...