tion of the gold reserves of the Bank of France at the present rate of the franc, thereby giving a paper profit of over £150,000,000."
The Centre, Left, and even the Right deputies cheered M. Daladier, which was another striking vote of confidence.
M. Marchandeau, Minister of Finance, explained that the Treasury balance was £8,000,000. The crisis period cost; £43,000,000.
The Finance Committee of the Chamber voted in favour of the Bill by 18 votes to 5, with 18 abstentions.
LIMITATION OF POWERS.
M. Daladier agreed to limit the exercise of the full powers to December 1, instead of December 31, thus forestalling the imposition of the 1939 Budget by decree. He promised that rentes would not.be forcibly converted. Exchange would not be controlled, nor would the Treasury liniit for borrowing from the Bank of France be increased. The Foreign Affairs Committee of the Senate issued a communique announcing that France's foreign policy must be re-examined in the light of the Munich agreement. . ** .
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Evening Post, Volume CXXVI, Issue 84, 6 October 1938, Page 9
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163Untitled Evening Post, Volume CXXVI, Issue 84, 6 October 1938, Page 9
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