NEW CABINET FORMING

Evening Post, Volume CXIX, Issue 128, 1 June 1935, Page 9

NEW CABINET FORMING

FIIANCE AND THE FKANC

DRAMATIC DEVELOPMENTS

SWAYED FOR AND AGAINST

United Press .Association—By Electrio Ttle-

graph—Copyright.

PARIS, May 31

M. Flandiiirs Government was, defeated in the Chamber of Depulie* by 353 voles lo 202, and resigned. The President of Fiance, M. Lebrun, has asked M. Fernand Bouisson, President of the, Chamber of Deputies, Lo form a Cabinet with the unraost speed, and to take effect as from today. ..,,.■ Today is settlement day on the Bourse, and the defeat of the.. Government is, therefore, likely to be particularly serious. ,-.. THE PREMIER'S COLIiAPSE. M. Flandin, whc collapsed alter mating a dramatic speech in the,Chamber of Deputies, was in bed when he signed his note of resignation, at 1.25 a.m. M. Lebrun accepted it and began conversations' with the other leaders immediately. : . .-..■■•■ M. Laval, Foreign Minister,, told the British United Press Association that he did not desire the Premiership; but preferred to continue in the Foreign Ministry in order to complete the important negotiations which were in progress. The Chamber swayed for and against M. Flandin several times during the ten hours' debate. Before midnight scores of deputies rallied to the side of the Government, but M. Buillon in. a bitter attack accused the Cabinet of failing to see speculation in the franc until roughly £93,000,000 in gold had been lost. ; The Chamber received the result of the voting in silence. There was no applause and no protest jfu thei Ministers filed from the Chamber. Thert was a considerable crowd in the streets, but no demonstration. M. Lebrun, the President, dispensing with the traditional consultations with the elder statesmen, asked M. Fernand Bouisson, President of the Chamber' pf Deputies, to form a Cabinet with utmost speed, and be ready to take office today. ATTITUDE OF SOCIALISTS. The Socialists met to decide their attitude in the event of receiving an invitation to participate in the next Government. . M. Bouisson, personally, is popular, and it is believed that the Chamber will grant him the full powers which it refused M. Flandin. He hopes that by prompt action the franc may still be saved. . /•.■'.- All speakers in the debate insisted on the necessity for maintaining the currency at its present gold value. . Rising at 10.30 last night in a desperate effort to save the Government, M. Herriot announced that M. Flandin had agreed that the plenary powers he sought should terminate on October 31 instead of on December 31, and ratification of all decrees would be com* pleted by March 13, 1936. Not 'iohly, had two judicial inquiries been opened into speculators' activities, but the Bank of France had been searched that afternoon. It remained to be seen whether the State would knock out speculation or speculation would knock out the State.