FRENCH FINANCE

Hokitika Guardian, 31 May 1935, Page 5

FRENCH FINANCE

URGENT CRISIS

FLANDIN TO FIGHT TO END.

(United Press Association—.By Electric Telegraph—Copyright).

LONDON, .Mm- 30

The “Daily Telegraph” Paris coirespondent says: In rioimal circumstances such an emphatic rejection of the Gov'eninient’s Bill by the Finance Commission would have sealed its fate.

M. Flandin. scorning the rumours alleging his immediate intention of resigning, js determined to fight to the end. The crisis'is so urgent that the Chamber will sit on Ascension Day, when all the banks and business houses observe a holiday.

O'ther Paris correspondents report that all the Left Wing members oti the finance commission voted against M. Flandin, declaring they would give no ' oi>e a blank cheque, such as M. FVndin demanded. It is understood the crux of the matter was M. Flandin’s refusal to give the Commission details of proposed cuts in salaries and of other savings in social reform. M. Filer riot, at 'a, meeting of the Executive of the Radical -Party Renounced the Vote of the finance commission. The declared that in the event of M. Flandin’s Ministry being defeated, he would refuse the Premiership.

CMSIS CONTINUES

AWAITING M. FLANDIN’S SPEECH

'.Received this day at, 11.45 a.m.) PARIS, May 30

Ascension day holiday causing mnvds to flock to sporting events, gave the country respite from France’s crisis. Politicians, however, were i n conference all the morning. . . The Left parties wore unable to agree upon a Coalition Government, including socialists- and radicals Following a vigorous speech by M. Herriot, who urged, that unless they gave M. Flandin full powers, they would be supporting devaluation, the parties decided to defer a decision whether to vote for o'' against the Government until they hoard M. Flandin’s speech.