PAINLEVE PRESENTS SINKING FUND PLAN; WILL DEFEND FRANC; Proposals Laid Before Chamber Finance Commission Fail to Satisfy Either Side. MUST ISSUE MORE MONEY Increase of Circulation by 5 Billion Francs Expected, Though Opposition Is Strong. PLAN TO SUPPORT EXCHANGE Washington Will Put No Obstacle in Way of Credits Here to Support Franc. PAINLEVE PRESENTS SINKING FUND PLAN
By Edwin L. James.special Cable To the New York Times
Govt intervention planned; Washington will not interfere with new loan to defend franc
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