CRISIS IN FRANCE

Evening Star, Issue 19124, 16 December 1925, Page 5

CRISIS IN FRANCE

THE TAXATION PROPOSALS REJECTED BY CHAMBER. Prciu Aisodfttion—By Telegraph-Copyright. PARIS. December 14. As the Finance, Commission of the Chamber of Deputies by 16 votes to 6 rejected all of M. Louchour’s financial proposals, lobby opinion is that M. Loucheur will resign.—A. and N.Z. Cable. RUSH FOR FOREIGN INVESTMENTS. TAX STRIKES THREATENED. December 14. The ‘Daily Express’s’ Paris correspondent says that panic has taken hold of the small French investor. A man owning a few hundred francs is sending orders to sell out his .French investments and buy Anglo-Saxon stock, such as copper, petrol, steel, rubber —anything except home securities. The official brokers and the banks hurriedly resolved that no orders tor foreign shams should be accepted without a covering amount to the value of 40 per cent. Protest meetings are being nolo throughout France against the Government’s now taxation, at which M. Loucheur was denounced.- Tax strikes are threatened.—A. and N.Z. Cable. M. LOUCHEUR’S WEAKNESS. PARIS, December 14. M. Briand held a conference with M. Loucheur late last night, but no < decision was reached until after a Cabinet meeting to-day. The ‘ Daily Telegraph ’ states that M. Loucheur is willing to amend his proposals; but this does not inspire confidence. On the contrary, it is regarded as a. sign of weakness at a time when the country wants a strong man. —A. and N.Z. Cable. POSITION GBOWING MOBE SERIOUS. PARIS, December 15. (Received December IP. at_B.sU a.m.) The financial position is growing more serious, ns M. Loucheur unexpectedly desires to remain in office. Cabinet to-day will probably request his resignation, allowing M. Briand to the portfolios. Some quarters are urging M. Caillaux’s return.— Sydney ‘Sun’ Cable.