FRENCH POLITICS
| Australian & N.Z. Cable Association.! FRENCH CRISIS. PARIS, July 1. M. Caillaux (Finance Minister) and the Chamber of Deputies were compelled to yield to the Senate regarding certain, credits regularising the arrears of last year’s budget, which is usually voted practically without debate. The Chamber yesterday voted this, but tho Senate rejected two items. Thi sis regarded as boding ill for Tuesday’s big debate on the Government's financial proposals. PARIS, July 1. The Bank of France issues a statement revealing that a huge issue if new notes was responsible for a further decline in tho franc. Public uneasiness a week after the advent of the new Government is greater than ever. The workers resent the increase in food prices. Municipalities are resigning and urging the Government to act sharply. The paper money now in circulation ,is within eighty-six millions of ’..lie legal limit, which is fifty-four thousand millions. M. Cnilhiux’s stabilisation plans are hold up by a. lack of money from America, the price of which is the ratification of tho funding debt to Arneri-
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Hokitika Guardian, 3 July 1926, Page 3
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176FRENCH POLITICS Hokitika Guardian, 3 July 1926, Page 3
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