DRASTIC REDUCTIONS IN GOVERNMENT COSTS
(Received 19, 2.0 p.m.) LONDON, July 18. The Daily Mail's Paris correspondent says : Alarm tliat the franc may further coliapse when the Exchanges re-open On Monday caused the French Finance Minister, Mr Georges Bonnet, to intei*vene tbis afternoon. After consultation with experts he announced that the Government proposed a policy of strict economy to remove financial difficulties, as the country was not able to bear further taxation. M. Bonnet added that Gabinet will consider the new proposals on July 20. It is believed that the Government intends to adopt a more flexible application of the 40-hour week for the publie services, to suspend portion of the public works programme, close railway services which are not economical, discharge civil servants, reduce adniinistration costs and introduce conversion loans, It is expected that such plaUs will arouse the resentment of the extremists who regard them as abandonment of the Popular Front -scheines. Meanwhile unrest is increasing owing to wages not being advanced sufiiciently to meet the higher cost of living.
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Hawke's Bay Herald-Tribune, Issue 155, 19 July 1937, Page 7
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172DRASTIC REDUCTIONS IN GOVERNMENT COSTS Hawke's Bay Herald-Tribune, Issue 155, 19 July 1937, Page 7
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