BRIAND STATES POLICY

Evening Post, Volume CXII, Issue 1, 1 July 1926, Page 9

BRIAND STATES POLICY

FRENCH FINANCE COMES FIRST

PRESENT PROSPERITY A

"MIRAGE,"

■ (United Press Association. —Copyright.) (Reuters Telegram.) PARIS, 29th June. ■ M. Briand read the new Ministry's -declaration of policy iv the Chamber .of Deputies, after which a Government ■motion to postpone interpellations thereon was adopted by 292 votes to 130.

' The declaration stated: "The predominant consideration is the most rapid .settlement of the financial problem. Reforms of the_ fiscal system will include a reduction in the rates of the general income tax and a transfer of .duties on securities. Compensation will be found in the new scale of tariffs and an improvement in the collection of income tax."

The declaration emphasises that the Government will never propose the slightest default in the State's engagements. The heart of the Government's programme is the stabilisation of the franc, which it hopes to achieve in collaboration with the Banque de France, the independence of which will continue to be scrupulously respected. In addition, international aid will not bo unhelpful. The inter-Allied debt problem will be submitted to Parliament as early as possible.

The -declaration warns the country that the present prosperity is only a dangerous mirage, and permanency must be based on increased production and reduced consumption.

It concludes: "The main linos of policy are similar to the lato Administration's."