FRENCH FINANCES.
BUDGETING FOP. A SURPLUS (United Press Association—Copyright.) PARIS, November 29. M. Reynaud tabled the Finance Bill for 1939, showing, after rigorous pruning, a surplus of £1,500,000. The Bill reveals that France will spend £160,000,000 more on armaments than in 1938. The yield from the increase, in direct taxes is expected to lie £28,000,000 and that from the indirect taxes £23,500,000.
M. Reynaud anticipates .'that the new policy will encourage revival of trade resulting in an increase of £35,000,000 in revenue.
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Ashburton Guardian, Volume 59, Issue 44, 1 December 1938, Page 5
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82FRENCH FINANCES. Ashburton Guardian, Volume 59, Issue 44, 1 December 1938, Page 5
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