FRENCH FINANCE.

Hawera Star, Volume XLVIII, 4 April 1925, Page 7

FRENCH FINANCE.

EXTRA EDITION.

pXpn'pjVOJNT IN SENATE

MEMBERS CQME, TO BROWS

tiY -SABLE—PRESS ASSOCIATION—COPYRIGWT

Received April 4, 11-45 a.m. PARKS, Apiil 3. Th©. facifc that sitaul Senators almost came to blows, while M. Hernot’s replies to a bo-m'baulmeitt of questions \veie> practically inaudible above the limhub, reflects the, general excitement culminating from pei'-isteiit- reports ol an. imminent capital levy and currency inflation. . . M. Olejiiental, expJaimijg ms resigniii.bion in Le Matin, reveals a- disagree-me-nib a few days ago with Cabinet. w£ihh, favoured a brief statement to the Senate regarding the financial difficulties - , whereas M. elemental recommended new taxation, op alcohol, tobaoeo' and income-tax instead of launching vast- levies. . The Seriousness of the issue is emphasised by the papers, which (I,welt on the precarious ness of the position o-f the whole Government, and point out 'that the financial situation remains to, be so l veil'. M. Herriot faced further embarrassment on -the Vatican, issue, con - ceruing which a vote comes up in a few days.—Renter.

NO NEW NOTE-. ISSUE. PRIME MINISTER’S PENIAL. Received April 4, 11.50 a.m. PARIS, April 3. M. dome Intel’s resignation, which has been accepted, followed the hasty summoning of M. Herriot to the Senate from, the Chamber lastevening, Tn clearing up the misconception among Senators revised by M. Glernentel’si Budget speech, in which he foreshadowed a new issue of bank notes for discounting trade bills. If. Herriot denied t)iat it wg.se .tji.e Govern,nienit’s intention, to, make 'a flesh issue. He said he desired a clean Treasury. The ex-Min ister; M. Denionaie, has been appointed to succeed M- Clementei.: