Word: stop-gap
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Dates: during 1925-1925
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During the absence of the Premier, the Minister of Finance, M. Louis Loucheur, had drawn up a stop-gap financial bill the provisions of which could be justified only by the undoubted fiscal emergency with which France is faced. Of all Frenchmen, M. Briand alone was thought to possess sufficient prestige to jam this bill through the Chamber and Senate. Its provisions : 1) The immediate issue of 7½ billion paper francs by the Bank of France; 6 billions to go to the depleted Treasury, and 1½ billions to supply the needs of commerce...
...Paris the announcement that M. Caillaux was bringing home for ratification merely a stop-gap debt settlement (see Page 5, THE CABINET) wrought one effect expressible in figures. On the Paris Bourse itself, in spite of the French Government's placing buying orders for 40,000,000 francs, the exchange value of the franc fell from 4.75c per franc...