FRENCH FINANCE

Dominion, Volume 19, Issue 118, 12 February 1926, Page 9

FRENCH FINANCE

PREMIER’S ULTIMATUM TO CHAMBER OF DEPUTIES VOTE REQUIRED WITHIN SIX DAYS FOR BALANCING OF BUDGET By Telegraph.—Press Association. Copyright. Paris, February 10. The long-drawn-out financial debate in the Chamber of Deputies led the Premier, M. Briand, to endeavour to end the virtual deadlock by a sort of ultimatum to the Chamber. The Premier declared that 4£ milliards oi francs, required to balance the Budget, must be voted by the Chamber within six days, so that the Senate could start to debate the matter within a week. Otherwise the situation would' become grave and even alarming, and the Government would have to throw its existence into the scales. M. Briand’s intervention is due to criticism of the Government for allegedly sitting on the fence and failing' to give the Chamber a lead, as members of the Government abstained from voting on the Cartel’s proposal compulsorily to convert bearer bonds to registered stock, which was carried by a substantial majority, despite Government opposition. It is officially explained that the abstention was due to the Government’s desire to compromise.—Reuter.