FRENCH POLITICS
E“ The Times ” Service.]
(Received this day at 12.25 p.m.) PARIS, July 28.
Turmoil marked the opening of the Chamber, Communists and Socialists hooting the new President, Perot. This was renewed when M. Poincare read the Ministerial declaration that Cabinet were unitedly convinced that it was possible to rapidly improve the French franc and raise the value of the franc, if the Chamber would vote indispensable new taxes, banishing for ever the risk of inflation. The Government intended to impose a direct tax on accumulated capital. He appealed to the Chamber’s patriotism and farsightedness to shorten the debate. France firmly intends to pay her debts according to her ability, but it was to tho creditors’ interests that the French financial crisis should be ended, therefore they must give her time to pay. The Chamber by 358 voles to 131 carried a vote of confidence in M. Poincare and permitted the adjournment until tho financial programme was ready.
PROPOSALS APPROVED. PARTS, July 27. The Chamber, by a large majority voted in favour of M, Poincare’s financial proposals.
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Hokitika Guardian, 28 July 1926, Page 3
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178FRENCH POLITICS Hokitika Guardian, 28 July 1926, Page 3
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