PROTECTING CREDIT

Hawke's Bay Herald-Tribune, Issue 140, 30 June 1937, Page 5

PROTECTING CREDIT

Sill to be Rushed Through # Parliament (Received 30, 11.30 a.m.) . ■ ■ PARIS, June 29, Cabioet approved Mr George Bonnet 's finance proposals which will be rushed through Parliament in 24 hours. The Biii consists of one clause: "The Government is authorised until August 31 to take, by decreee previously Adopted by the Council of Ministers, all measures to assure the suppression of attacks on State credit, to fight against ■pe&ulatioa, assure economic recovery, GQUtroi prices, balance the Budget and defend the gold reserve without control of exchanges." The decrees will be submit&d to the Chamber for ratificatdon within three montha o£ publication of the present law. , A meeting of Radical-Socialists expresspd absolute confidence in the Government, while the Socialists havo not yet decided their attitude. Before a crowded Chamber, the Promler, M. Cainille Chautemps, read the Ministerial statement and announced that they were not to leave the Chamber or the Senate until the necessary Bills h^d been approved. ' The Premier declared that he held, a deeree for adjourning Parliament and asked the Chamber to postpone its debate on general policy and proceed with the Bills granting the Government full powers, The Chamber passed a vote of confidence by 393 vote® to 142 and the sitting was suspended to allow the finance committee to examine M. Bonnet's proposals.