FRENCH BILL FOR DEVALUATION

Press, Volume LXXII, Issue 21903, 2 October 1936, Page 11

FRENCH BILL FOR DEVALUATION

- Senate’s Amendments Not Accepted ADOPTION NOW ISSUE OF CONFIDENCE (UNITED PRESS ASSOCIATION —COPYRIGHT.) (Received October 1, 10.5 p.m.) PARIS, October 1. The Senate yesterday adopted the Devaluation Bill as radically amended by the finance committee which excluded the clauses providing for compensation to wageearners and state employees for any rise of internal prices. To-day the Chamber of Deputies readopted the complete text of the GoM Bid by 351 votes to 217. The Government will • probably now make its entire adoption by the Senate a ma ter of confdence. The bill now goes back to the Senate, which will meet at 9.30 a.m. SENATE ADJOURNS FORMULA FOR CONCILIATION TO BE CONSIDERED (Received October 2, 1.30 a.m.) PARIS, October 1. Crowds waited for admission to the Senate, and the general public, keyed up to the grave political outlook, was rendered more nervous when the authorities began the first of several air raid warning experiments. Sirens, shrieked all over the city, drowning' even the roar of the traffic. The Senate met at 9.30 a.m. and adjourned for an hour to enable a formula for conciliation to be considered. no action’ by GERMANY NAZI MINISTER’S VIEW BERLIN, September 30. The Nazi Minister for Economics (Dr. H. Schacht) told the Reichsbank Committee that Germany would not devalue her currency. “The reason for the control of the Gennan currency is the burden of the debts imposed by Versai las, and the injustice and difficulties connected with the purchase of raw materials,” he said. Dr. Schacht added that Germany was prepared to participate in international negotiations aimed at a free economic system, an ! she would be ready to re-examine her attitude should such possibilities be opened by England, France, and America.

ITALIAN BOURSES TO REMAIN CLOSED n (Received October 1, 7.30 p.m.) ROME, September 30. It is officially announcec that the Bourse.,, which were expected to reopen to-morrow, will remain closed until further orders, NO ALTERATION IN JAPAN’S POLICY (Received October 1, 7.30 p.m.) TOKYO, September 30. The Government has decided not to alter Japan’s currency policy or the purchase price of gold.