FRENCH CRISIS ENDED

Greymouth Evening Star, 16 April 1938, Page 7

FRENCH CRISIS ENDED

SENATE PASSES BILL [BY CABLE-—PRESS ASSN. COPYRIGHT.] PARIS, April 14. The Senate passed M. Daladier’s Finance Bill by 288 votes to one, which later was officially recorded as 288 votes to none, the solitary dissentient having changed his mind, as he is legally entitled to do. Parliament has adjourned until May The Government has been given a good start, but -a real test will come on the reassembly of the Chamber, when members will have noted the effect of decrees upon the financial and economic situation. In the meantime the Government’s policy appears to be practically the same as M. Leon Blum’s but shorn of the more drastic proposals for a capital levy and the supervision of exchange operations.

REM ARK A BLE PER FORMANCE LONDON, April 15. The Paris correspondent of “The Times” considers that M. Daladier’s victory is one of the most remarkable Parliamentary performances in recent years. It satisfied everyone with the exception of the Socialists, who not unjustly feel they have been outmanoeuvred. The parties rallying to M. Daladier were not inspired by a common motive, and therefore did not express national unity. The Socialists might have shown their spleen by abstention or opposition, if the Communists, with whom M. Daladier is on good terms, had not announced their intention of supporting him. thus forcing the Socialists' hands. The parties of the Right took the view that the present Cabinet was beginning a shift from the Left to the Right. Other Deputies supported M. Daladier because they believe a strong line in the industrial field is necessary to prevent a grave emergency. The Government now has a clear seven weeks to show its mettle before Parliament reassembles.

The Bourse is explosively cheerful, yet the economic situation is unchanged. M. Daladier’s proposals do not differ materially from those of his predecessors. They are inflationary, and stand or fall by the capacity of the Government to borrow from the French investor. INDUSTRIAL PEACE. (Received April 15, Noon.) PARIS, April 15. Over one hundred thousand strikers will resume work on Tuesday, as the result, of the Engineering Metalworkers’ Union accepting M. Ramadier’s peace plan. lira letter to employers and workers, M. Ramadier said that in the interest of national defence it was the Government’s impertive duty to end the dispute. The manner in which both sides agreed to settle their grievances by a conference, promises a speedy settlement of the Paris labour troubles.