FRENCH POLITICS.
MINISTERS EXCHANGE POSTS. RATIONALISATION OF INDUSTRY. (United Press Association—Copyright.) PARIS, November 1. B'ecause he refused to give ground on the reconstruction proposals the face of Cabinet opposition M. Marchandeaii resigned from the Finance Ministry, to which the Minister for Justice (M. Reynaud) has been appointed, M. Marchandeau taking over the Justice portfolio. Promising a programme within five days Mr Reynaud in a statement said he would refuse to 'devalue the franc, the necessity for which had passed.” The problem of recovery was not monetary, but economic and financial,” he said.
The Minister of Commerce (M. Gentin) kaid that the Government was undertaking a survey of production, planning rationalisation of some • industries and the creation of others not involving State control or pressure, but the Government was prepared to Act in an advisory capacity. STRINGENT MEASURES POSSIBLE LONDON, November 1. The Paris correspondent of “The Daily Telegraph” says that M. Gentin is obviously countering a levy, hut his policy will not have an appreciable effect unless industrialists are made to realise that stringent measures will follow if the hints are not taken seriously.
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Ashburton Guardian, Volume 59, Issue 20, 3 November 1938, Page 5
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184FRENCH POLITICS. Ashburton Guardian, Volume 59, Issue 20, 3 November 1938, Page 5
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