WRANGLING IN FRANCE.
VIEWS OF THE SENATE. FEAR OF DICTATORSHIP. Received September 30, 1.20 p.m. PARIS, Sept. 29. The Finance Committee ot the Senate spent many hours drastically changing the Devaluation Bill. This, as voted m the Chamber, permits the Government to fix the rate of devaluation at between 25 and 33 per cent. Cabinet, in order to determine the gold content, devalued the tranc to between 43 and 49 milligrammes of gold. The Senate is reconciled to this decision, but objects to the clause investing the Government with full powers to regulate prices, which was substituted for a sliding scale clause. The Senate regards the new clause as the thin end of the wedge of dictatorship. It also objects to tile requisition of gold.
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Manawatu Standard, Volume LVI, Issue 259, 30 September 1936, Page 9
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125WRANGLING IN FRANCE. Manawatu Standard, Volume LVI, Issue 259, 30 September 1936, Page 9
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