FINAL ADOPTION.
FRENCH GOLD BILL. Government Measure Meets Doubting Senate. DRASTIC CHANGES MADE. United Press Association.—Copyright. (Received 12 noon.) LONDON, September 29. The Prime Minister of Prance, M. Blum, intervening in the debate in the Chamber of Deputies on .fche Gold Bill, pointed out that they were discussing "un fait accompli." Even if the Chamber voted against the measure and threw out the Government it could not go back on what had been done. An amendment to modify the sliding scale of wages adjustment was adopted by 335 votes to 199. The bill was finally, adopted by 3(50 votes to 221. The Finance Committee of the Senate spent many hours drastically changing the devaluation bill. This as voted in the Chamber permits the Government to fix the rate of devaluation between 25 and 33 per cent, Cabinet to determine the gold content of the devalued franc between 43 and 49 milligrammes of gold. The Senate has bccome reconciled to this but objects to a clause investing the Government with full powers to regulate prices which was substituted for a sliding scale clause. The Senate regards the new clause as the thin end of the wedge of dictatorship, and also objects to the requisition of gold.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19360930.2.51
Bibliographic details
Auckland Star, Volume LXVII, Issue 232, 30 September 1936, Page 7
Word Count
205FINAL ADOPTION. Auckland Star, Volume LXVII, Issue 232, 30 September 1936, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in