ANOTHER FRENCH CRISIS
[Australian & N.Z. Cable Association.]
PARIS, June 15
Briaml’s cryptic allusion to a lack of certain essential support on which the Government was entitled to count, which AL Briand advanced as the reason for the Cabinet’s resignation, is assumed to refer to the gold reserve of the Bank of France, which AL Poret (Finance Alinister) vainly endeavoured to obtain as a pledge against foreign credits.
M. Briand’s ninth Government was beaten by the franc, which fell to 180 to £1 on the news of the resignation, but recovered to 177]. President Doumergue immediately called on tbs Premier to form a new Government. It is assumed in some quarters that Al. Briand persuaded his colleagues to resign in a body in order to have a free” hand to select new Ministers.
AL Poincare, AL llerriot, AL Caillaux and A 1 .Timlin arc mentioned as
possibles. At. Briand, in a statement to journalists, said some demanded a Ministry of National Union, and others a man of -energy and The former had be' ll tried in Belgium, where nevertheless there had been a heavy fall of the franc, while Italy possessed a man of energy, and yet the lira had not been maintained any better than the franc.
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Hokitika Guardian, 17 June 1926, Page 2
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207ANOTHER FRENCH CRISIS Hokitika Guardian, 17 June 1926, Page 2
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