FRENCH FINANCE

Hawera & Normanby Star, Volume XLIV, Issue XLIV, 8 March 1924, Page 7

FRENCH FINANCE

THE REFORM BILL,

MEETING THE CRISIS.

JJY CABLE—PRESS ASSOCIATION^S&YEIGHT

LONDON, -Starch"6

The Paris correspondent «j& the Times gays that M. Poijaeare toil the Finance Commission of tiie Sen&te that if by "Tuesday the commission (had not agreed *o th© full text of th*fe Fiscal Reform Bill ire would place **&». resignation of Cabinet in *&c hands of th.c President.

T&e object of the Bill is to deal with the financial crista. M. Poincare's threat is tiie resul*t of the adoption by the comaaission <a? recommendations generally unfavoarable to granting the ,pott%T to effect adminisIfcrative economies by the issue of de«erees. The eoasnission declared itself "in favour of a policy of economy, but ""the policy shosfrd be controlled by Parliament.

The situation thus created was discussed by ihfe Council of Ministers, and later M. Poincare and M. Lasteyrie Minister) attended the comanission "to explain the Government's anterttions, when M. Poincare made the «bove gtefcfcement.