FRENCH CRISIS

Gisborne Times, Volume LXIII, Issue 10138, 26 October 1925, Page 5

FRENCH CRISIS

THE FALL OF THE FRANC. CABINET’S POSITION CRITICAL.' (Received Oct. 25, 5.5 p.m.) LONDON, O.x, 23. The “Central News’ ” Paris correspondent states that the financial crisis has reached an acute stage and Cabinet's position is critical. The • ‘Daily Express’ ” Paris correspondent states that the crisis is due to the inflation policy of M. Caillaux, who is accused of trying to become a financial Mussolini. He will probably resign on Monday. If he does, not the Government is likely to be defeated later in the week by the supporters of the capital levy. The ••.Daily Herald's” Paris correspondent states: ''The failure of the recent gold conversion loan, which realised only £60,000,000 instead of £300,000,000, together with the breakdown of the Washington Debt Conference, lias given M. Caillaux’:; enemies a weapon. He is destined to fall, as all bis predecessors have fallen. Nevertheless, in default of the real capital levy, which even the Radicals are afraid of introducing, further inflation is imperative.”—A. and N.Z.C.A.