FRENCH POLITICS
| Australian & N.Z. Cable Association.] FRENCH FINANCE. PARIS, July 4. There is no mention of a capital levy or compulsory mobilisation of securities in the report of the official committee of experts appointed to formulate the financial programme?. The report recommends Parliament temporarily to waive certain prerogatives regarding expenditure and that M. Caillaux lie given a greater degree of control in financial matters. It urges retrenchment of expenditure, revision of sugar and drink business turnover taxes and immediate conclusion of debt funding agreements with Britain and America, after which tong term of loans should be negotiated and the franc ultimately stabilised at a figure between the cost of living index and the prevailing market rate of the franc.
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Hokitika Guardian, 5 July 1926, Page 3
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119FRENCH POLITICS Hokitika Guardian, 5 July 1926, Page 3
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