PERIL PASSES

Hawera Star, Volume XLVI, 29 September 1926, Page 7

PERIL PASSES

PRANCE RECOVERS.

HER FINANCES IMPROVE.

ECONOMY TO CONTINUE

BY CABLE—PRESS ASSOCIATION—COPYRIGHT

PARIS, Sept. 27. M. Poincare’s long awaited pronouncement on home and foreign policies was mad© at Bar le Due. He admitted that when .he formed the Ministry financial panic existed and the Parliamentary institutions and governmental authority were threatened, but the peril had disappeared owing toi the readiness and unity to secure the country’® recovery, which was reminiscent, of the 1914' Chamber's speedy voting of the necessary milliards. Members or the Cabinet, without abandoning their respective opinions, were cordially collaborating. . ~ M. Poincare refused to moderate, the economy measures and added that Parliament could approve or disapprove thereof, but the Government’® fate was linked to its decrees. France had not repudiated' her war debts. She had already paid large sums in interest and would have paid more if tlie German defaults had not forced France to shoulder the burden of her own reparations. France was determined to make her future debt payments to the full measure of her ability. Referring to the Thory negotiations, he said: “I am always ready for rapprochement, provided: it-accords, witn France’s treaties and, is justified by proofs of German disarmament, but this does not remove, the war guilt, of the Imperial German Government. France owed it to herself, to Europe and to the world to provide distressed humanity with a less sombre future than, the past, wherein she would not fail, but she refused to sacrifice her contractual right or to sleeken hei vigilance.