THE FRENCH CRISIS

Hokitika Guardian, 9 November 1925, Page 3

THE FRENCH CRISIS

f Australia & N.Z. Cable Association

FRENCH FINANCIAL PLAN. (Received this day at 8 a.m.) PARIS, November 7. The Council of Ministers adopted ,M. i’aiiileve's financial plan, which the Government proposes to rush through Parliament by the 12th November, the reason Being that the Treasury account with the Bank of France is

nearly overdrawn and a new a "re meat is necessary, authorising atlva ces totalling .several milliards friuics to meet urgent Treasury liahii ties.

PARIS, November 7. M. Painlevc'.x financial proposals i

elude a graduated personal tax o every French citizen over twciitv-on of a minimum of 20 fames for the pm poses of a sinking fund, an extraordin ary levy on personal real estate pay able within fourteen years with a 2per cent reduction j if paid within ; year. It is also believed a 20 per ceni super tax on incomes is pay able an; the products of the levy will form ; sinking fund devoted to a reden.'.ptior within fourteen years of i..e short term of domestic debt of {.‘373.000,000, the short term foreign debt ol CoS,000,1)00. and the excess issue of national defence bonds of C12b.000.000.

It is also proposed to create a pul tax ol twenty francs per head, lasting fourteen years from the beginning ol •Januarv, 1025.

Reparations will be devoted to inter Allied debts and the restoration o he devastated regions.

FRENCH POLITICS. [“ The Times ” Service.] (Received this day at 8.of) a.in.) LONDON, November 7. ibe confusion already reigning in ' reiieh politics has been further !nI'eased by tlie formation of a new handier group dialled the Guaehe Didopendont, consisting of seventeen T the Opposition Secessionists who “ted with tlie Government on ,'iril of November. There are now ten official "handier groups, besides the thirty soidled Independents, including Urn Rovalists.