NEW MINISTRY

Dominion, Volume 28, Issue 210, 3 June 1935, Page 9

NEW MINISTRY

M. Bouisson Announces Cabinet RETURN OF M. CAILLAUX By Telegraph.—Press Assn.— Copyright. (Received June 2, 7.25 p.m.) Paris, June 1. M. Fernand Bouisson has formed a “National Union” Ministry representing almost all parties. The outstanding feature is the return of JI. Caillaux, who is one of no fewer than four Ministers without a portfolio, the others being MM. Harriot, Marin and Petain. Beside the Premiership, JI. Bouisson takes the Ministry of the Interior. M. Laval has Foreign Affairs, M. Pernot, Justice, JI. Maurin, War, M. Pietri, Marine, JI. Debain, Air, JI. Laurenteynac, Commerce, JI. Palmade, Finance, M. ’ Houston, Education, JI. Rollin, Colonies, JI. Frossard, Labour, M. Perfetty, Pensions, M. Roy, Agriculture, JI. Dafont, Health, and JI. Mandel, Post and Telegraphs. M. Caillaux, after a stormy career, returns to the arena as supremo adviser on financial and economic questions. JI. Bouisson is 61, and a Marseilles industrialist. H e was born in Algeria, and was elected Deputy in 1909. He resigned from the Socialist Party in 1933. JI. Bouisson directed the merchant marine during .the war, bringing foodstuffs and munitions to France. Hitherto he has refused a position in Cabinet. JI. Caillaux announced his inflexible determination to maintain the franc, ruthlessly to throttle speculation, and combat devaluation. The franc rose swiftly, forward premiums which were down 50 per cent, are now above, the gold export point. The Press welcomes the new Cabinet and points out that it contains no devaluationists.

Seventeen searches of houses alleged to contain anti-franc speculators resulted in the seizure of numerous documents. Eight magistrates were assigned to deal with the prosecutions. It is believed that bankers’ brokers’ recommendations to clients that they should sell Government stock and buy gold are sufficient grounds for a prosecution.