FRENCH FINANCES
THE BUDGET OUTLINED NO DEDUCTION IN TAXATION. Press Association—]!/ Telegraph—Copyright. PARIS, August 22. M. Poincare, in a preliminary .oullino ot the i 920 Budget, said it was impossible to reduce direct taxation at present, and it would perhaps not 1m possible before 1931. 'The estimates of tho Government departments would have resulted in a deficit ot ,i'4S,UU(J.000, but tho Government had cut down oven those ot national defenee, arguing that a healthy financial situation ami nncliminishcd credit were elements in the diTeiire ut the connin' as important as fnmtior fori ideations or supplies The Budget, would give preference to carrying out the naval building programme ami the naval air service. It included a loan ot £4,000.000 for the purpose ot agricultural credits to enable farmers to replace machinery and buy needed stock. It established a fund of about £84,000 for research into cancer and tuberculosis.—Australian Press Association.
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Evening Star, Issue 19952, 23 August 1928, Page 4
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149FRENCH FINANCES Evening Star, Issue 19952, 23 August 1928, Page 4
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