FRENCH CABINET

Greymouth Evening Star, 24 June 1937, Page 9

FRENCH CABINET

NEW POLICY OUTLINED FINANCIAL RECONSTRUCTION [BY CABLE —PBESS ASSN. —COPYBIGHT.] LONDON, June 23. After M. Chautemps’s Cabinet had been presented to the President (M. Lebrun) and had held its first meeting, M. Chautemps, in an interview with the “Daily Telegraph,” said: “I have formed a Ministry of Republican unity to establish financial reconstruction with the help of M. Bennet, now Ambassador at Washington, who will return on Tuesday, when the Government will meet the Chamber.” The Cabinet consists of 13 Radicals, 12 Socialists, three members of the Socialist Union, and two members of the Independent Left. M. Chautemps is expected to adhere to the main lines of M. Blum’s policy with less extreme plenary powers in the law dealing with finances and exchange.

RETURN TO’ ORTHODOXY. (Recd. June 24, 10 a.m.) PARIS, June 23. With the natural exc,eption of the extreme Right .newspapers;..the Chautemps Government was .well received. It is believed that its main difference from M. Blum’s Ministry, will be treatment of finance. M. Chautemps, in a statement, said the most urgent task was obviously financial. “I have not hesitated to recall my friend M. Bonnet, who has already been a collaborator and whose financial abilities are not questioned.” It is-expected thift the new Government, which includes only six not in M. Blum’s, will received a comfortable majority both in the Chamber and Senate.

M. Chautemps, according to “Le Temps” intends to return to sound liberal orthodoxy, with the object of rekindling confidence, as after the too rapid social evolution, the edifice must be consolidated.