FRENCH BUDGET
HUGE CUTS ARE FORECAST
(United Press Association—By Electric Telegraph—Copyright)
PARIS,' January 18,
The French Finance Minister, M. Che ran in introducing the Financial , Bill, declared that France’s choice lay between a hold effort which would save her finances or a feeble policy only aggravating the 'situation and menaciim; the national currency. Though'the peak ofhtli© esniefe seemed to have passed,; thy; fiscal : admjriistEyr tive system needed re-modellingniUTlie* Badge t must lie balanced^ Jjteft'dingfWv forms, after which luk'-a? consolidation loan'by which'they must ■convert their floating .debt into a long term, debt. M. Chcfon accepted the estimated deficit as at £84.32.8,030. He proposed to make £42,608,030 sterling of cuts in expenditure and to impose £43,624,003 iti- taxation and also to made £1,636,033 reduction in pensions. Thougli the proposed lottery compensates the exnjervicemen’s cuts, the other reductions a,re as cabled oil ’January 15.
The .Government’s chances of winning. out. pn its budget policy depend on how. pinch, ballast, M. Qheron is prepared:-to .threw out.
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Hokitika Guardian, 19 January 1933, Page 6
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162FRENCH BUDGET Hokitika Guardian, 19 January 1933, Page 6
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