FRENCH POLITICS

Hokitika Guardian, 1 July 1926, Page 2

FRENCH POLITICS

j Australian & N.Z. Cable Association.] FRENCH MINISTRY’S POLICY. PARIS, June 29. M. Briandi the Premier, in the Chamber? read the new Ministry's policy declaration, which stated :—“The predominant consideration is the most rapid settlement of the financial problem. There are reforms of the fiscal system, which will include a reduction in the rates of the general income tax, and of the transfer duties on securities. Compensation lor these will be found in a new scale of tariffs, and an improvement in the collection of the income tax. - ' The declaration emphasises that the Government will never propose the slightest default in the State’s engagements. The heart of the Government’s programme is the stabilisation of the franc, which it hopes to. achieve in collaboration with the Banque d,e France, the independence of which will continue to bo scrupulously respected. In addition, international aid will not be unhelpful. The inter-Allied debt problem will he submitted to Parliament as early as possible. The declaration warns the country that its present prosperity is only a dangerous mirage, and that its permanency must be based on increased production and reduced consumption. It concludes: “The main lines of our policy arc similar to tlioSe of the Into administration.”

| Australian & N.Z. Cable Association.] FRENCH MINISTRY'S POLICY. PARIS, June 29. AL Briandi the Premier, in the Chamber* read the new Ministry’s policy declaration, which stated : —“flic predominant consideration is the most rapid settlement of the financial problem. There are reforms of the fiscal system, which will include a reduction in the rates of the general income tax, and of the transfer duties on securities. Compensation lor these will be found in a new scale of tariffs, and an improvement in the collection of the income tax. - ' The declaration emphasises, that the Government will never propose the slightest default in the State’s engagements. The heart of the Government’s programme is the stabilisation of the franc, which it hopes to. achieve in collaboration with the Banque d,e France, the independence of which will continue to bo scrupulously respected. In addition, international aid will not be unhelpful. The inter-Allied debt problem will he submitted to Parliament as early as possible. The declaration warns the country that its present prosperity is only a dangerous mirage, and that its permanency must be based on increased production and reduced consumption.