FRANCE'S FINANCES

Evening Post, Volume CXI, Issue 36, 11 February 1926, Page 9

FRANCE'S FINANCES

BRIAND'S ULTIMATUM

TO END DEADLOCK IN CHAMBER

SITUATION GRAVE.

(United Press Association—Copyright.)

(Reuters Telegram.)

(Received 11th February, 11 a.m.)

PARIS, 10th February.

The long-drawn-out financial debate in the Chamber of Deputies led the Premier, M. Briand, to endeavoour to end the virtual deadlock by a sort of ultimatum to the Chamber. The Premier declared that 41 milliards of francs, required to balance the-Budget, must be voted by the Chamber within six days, so that the Senate could start to dobato 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 crieicism 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.