FRENCH FINANCE

Manawatu Standard, Volume LVI, Issue 261, 2 October 1936, Page 7

FRENCH FINANCE

DEVALUATION MACHINERY. NEW COMPROMISE BILL. CONTROL OF WAGES. (United Press Association. —By Electric Telegraph.—Copyright. > Received October 2, 8.5 a.m. PARIS, Oct. I. The Senate adopted the Devaluation Bill as radically amended by the Finance Commission, which excluded the compensation clauses. The Chamber of Deputies then readopted the complete text of the Gold Bill by 351 votes to 217. The Government will probably now make its entire adoption by the Senate a matter of confidence. The Bill went back to the Senate. Both the crowds queueing up for admis. ion to the Senate and the general public keyed up to the grave political outlook were rendered more nervous when the authorities began the first of the general air-raid warning experiments, syrens shrieking all over the city and drowning even the roar of the traffic. > The Senate met at 9.30 a.m. and adjourned to enable a formula for conciliation to be considered. The Minister of Finance M. Auriol said: We arc working for a new eoinnromise Bill enabling an agreement between the Chamber and the Senate providing for no decision being made regarding wages and prices without the approval of the National Economic Council, also specially providing for compensation for ex-servicemen. LEGISLATIVE PROGRESS. Received October 2, 11 a.m. PARIS, Oct. 1. The Senate, by a show of hands, adopted the amended Bill, which was returned to the Chamber. The Finance Committee of the Chamber adopted the Senate’s compromise and later the Chamber passed the amended Devaluation Bill. The compromise invests the Premier (M. Leon Blum) with authority to suppress unreasonable advances in prices.