FRENCH CABINET'S DEFEAT.
TAXATION OF SECURITIES.
FACTORS IN THE CRISIS.
By Telegraph—Press Association—Copyright Paris, December 3. The Government- urged rentes (French Government securities —giltedged) had fallen to 86. The new issue of stock was unlikely to he nhovo 83, and it' direct taxation was proposed tho prico would bo further depreciated. 51. Caillaux pointed out that a tenth of the. French wealth was invested in rentes. Unless tho Chamber reserved the liberty to tax rentes it would lie impossible/ tin impose an incomo tax. even if a promiso of exemption resulted. A profit of 4 per centum on tho present loan would eventually mean a. loss of forty mflion sterling, to tho detriment of the peasants, the majority of whom were composed of elements which were, unlikely to collaborate. The long dislike to the triennial service- and the. objection of the. Proportional Representation Bill arc. tho chief factors of tho Government's defeat. M. Caillaux recently advocated a return to two years' service, making his Premiership apparently impossible.
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Dominion, Volume 7, Issue 1924, 5 December 1913, Page 7
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167FRENCH CABINET'S DEFEAT. Dominion, Volume 7, Issue 1924, 5 December 1913, Page 7
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