THE FRENCH TANGLE.

Hokitika Guardian, 15 January 1926, Page 3

THE FRENCH TANGLE.

FRANC SUDDENLY SLUMPS. PER ILO US lA' NBA U A NOTH ER CRISTS. [“ The Times ” Service. | LONDON, January I t. 'l’lio "Times” Paris correspondent states that France is again perilously near a new political crisis as the result of the Chamber’s finance committee's decisive rejection of M. Doumer’s carefully prepared scheme, which has had a. dispiriting effect upon public opinion, while the impression produced in business circles may be judged from me sudden drop in tha franc to 130. It is very didicult to foretell how the situation will now develop. The press is very reserved and there is almost a complete absence of comon the Government’s predicament. M. Dounver’s resignation is freely predicted, but well-informed political opinion does not take such a tragic, view believing .51. Briand is fully aware that bis great authority will stick to Doumer’s scheme and endeavour to get the Chamber’s acceptance thereof in spite of the committee’s rejection. DOUMER’S PROPOSALS REJECTED PARIS, January I I. The finance committee of the Chamber rejected by 21 to 5 article thirteen of M. Doumer’s Finance Bill. The taxing commercial transactions and articlesd is considered the corner stone of 51.. Doumer’s project and its rejection is regarded as tantamount to throwing put the entire bill.