THE CRISIS IN FRANCE.
CAILLAUX SHOWS HIS TEETH. REDEMPTION OF DEBT. LONDON, November 1. The Paris correspondent of the"Morning Post" says that the new Cabinet of M. Painleve is no sooner complete than the ex-Minister of Finance (M. Caillaux) has "shown bis teeth." M. Caillaux has published in "Le Petit Parisien" the full text of his financial proposals, with the accompanying arguments as presented by him to his colleagues at the last sitting of the late Cabinet. The general effect of these proposals is nlready known. M. Caillaux proposed tlie establishment of a debt redemption office, to be endowed with an annual revenue of £18.000.000 to £20,000.000 derived from fresh taxation on capital; the revenue receipts also to include Germany's Dawes plan payments as received. The office would have been free from Parliamentary control, nnd the funds would not have figured in the Budget, nut would have beeu used solely to meet the debts of the Treasury as'they became due.—(A. and N.Z. Cable.)
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Auckland Star, Volume LVI, Issue 259, 2 November 1925, Page 7
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163THE CRISIS IN FRANCE. Auckland Star, Volume LVI, Issue 259, 2 November 1925, Page 7
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