WAR NOT INEVITABLE

Wairarapa Times-Age, 22 August 1938, Page 6

WAR NOT INEVITABLE

M. DALADIER OUTLINES FRENCH AIMS PEACE WITH HONOUR DESIRED MEASURES OF ECONOMIC STABILISATION By Telegraph —Press Association. Copyright. (Recd This Day, 12.15 p.m.) PARIS, August 21. “Peace with honour and solidarity with the great democracies can only be maintained, if we have courage enough to avoid a monetary and financial crisis and get France back to work,” declared the Premier (M Daladier) in a broadcast address. He again emphasised that revaluation of the franc, and the establishment of exchange control would lead to precariousness if it did not ruin the English, French and American monetary agreement. M Daladier promised, measures to increase the national revenue and balance the Budget without deflation, revise the forty-hour'week, and ensure more flexibility in war industries. He also promised to lighten the tax burden on industry, secure price stability and leave the long-term loan market relatively free in order to enable capital to be made available in private industry. He added: “1 do not believe in the inevitability of war. I, like all former front-line men, am resolved to do my utmost to keep Europe from annihilation, but the great States of Central Europe are displaying and testing their forces, thereby warning France, which depends not only on armies, but on the daily work in factories and workshops, the stability of currency and finances.” M Daladier described the franc as one of the strongest currencies in the world, owing to its gold coverage, and the Exchange Equalisation Fund.