FRENCH FINANCE
ACUTE STAGE REACHED.
UNSUCCESSFUL LOANS.
FALL OF MINISTER. ANTICIPATED. BY CABLE—PRESS ASSOCIATION—COPYRIGHT. LONDON, Oct. 26. The Paris correspondent of the Central News states that the financial crisis has reached an acute stage and Cabinet’s position is critical. The Paris correspondent of the Daily Express states that the crisis is due to the inflation policy of the Minister for Finance (M. Caillaux), who is accused of trying to become a financial Mussolini. He will probably resign on Monday. If he does not, the Government will probably •be defeated later in the week by supporters of the capital levy. i. The Paris correspondent of the Daily' Herald (the Labour paper) 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, has given M. Caillaux*s enemies a weapon. He is destined to fall, tis his predecessors have fallen. Nevertheless, in default of a real capital levy, which even the Radicals are afraid of introducing, further inflation is imperative.”
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Bibliographic details
Hawera Star, Volume XLV, 26 October 1925, Page 5
Word Count
172FRENCH FINANCE Hawera Star, Volume XLV, 26 October 1925, Page 5
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