LATEST CABLE NEWS FRENCH CRISIS.

Hokitika Guardian, 20 April 1925, Page 2

LATEST CABLE NEWS

FRENCH CRISIS.

AUSTRALIAN AM) N.Z. CABLE ASSOCIATION All'CU CONJECTURE. BA BIS, April 17. There is much conjecture regarding the possibilities of the new Cabinet wherein Al. Caillaux’s association with M. Jiriand is only as remarkable as his leap back to power. It is noteworthy that the franc has Strengthened. This is interpreted as a renewal ot confidence at home and abroad. The party opinion is expressed in the respective newspapers, and it may be slimmed up this:—The Extreme Bight are inexorably condemnatory The right wing of the Lott Bloc arc sanguine. The left wing, or Socialists are anxious, while Communists are hostile to the .Ministry. PA BIS, April Is. The Senate has been convoked fm Tuesday, to bear a Ministerial declaration. Following a long conference with the bank chiefs. Al. Caillaux stated in an interview : “ i cannot bide my amazement at finding the .Ministry of Finance in such a state. Nevertheless one must have confidence and patience. Meantime: M. iierriot, pulling his pipe, says that now he has time to get his lmir cut..

LONDON. April IS

The well-informed Paris correspondent of the ‘•Financial Times,” says: “Frame is satisfied that there might he worse tilings than the Painleve Cabinet. wherein men who were thought irrernneiliable political enemies, such as Al. Briand and Al. Caillaux, are now working together. It goes without saying that tlie reception of the Cabinet from the newspapers is mixed but the business world is satisfied the .Ministry is a great improvement on M. I lerriol’s and there is universal relief at an unofficial statement that Al. Caillaux stipulated that if lie joined the Cabinet, the capital levy proposals would not he proceeded with. Humming up. though the Government is received without enthusiasm, the people are prepared to give it a chance t„ straighten mil a most crooked situation. It is asserted in Parliamentary circles that. M. Blum and M. Caillaux have arrived at an iitulerslivmling on the financial situation. Attention will mainly be directed to cleansing the Treasurv by lightening heavy financial charges’; secondly, to retrenchment in the public expenditure; thirdly. Lo a careful inventory of the public debts, fourthly, to donnil" negotiations with Britain and America in order to arrive ■is the real basis of Franco’s inter-Allied indebtedness. 11 is said Al. Caillaux intends lo discuss every item with a view to discovering the extent whereto it can reasonably reduced. So far as his own knowledge ol At. Caillaux goes, the correspondent says he would go as far as to allocate specified French Government revenue for the payment of suefi debts. T he Bourse is favourably impressed. This dues not necessarily mean that the majority are hi.-- friends, hut even they who dislike lun, feel that Al. Caillaux is a man wbo will do something. Ho may blunder. or succeed, but in any case he will attempt something more or less hold.