French Seek For Solution
PARIS, Tuc. (1.30 p.m.)—The French Cabinet met for three hours in Paris today in an attempt to work out a wage-price policy which will appease the restless Labour Government. The French Metal Workers’ Union announced yesterday that it would stage a 24-hour warning strike if the Government did not readjust wages and prices as a result of devaluation. Dissension in Cabinet over the wage issue was generally agreed to have endangered Dr Queuille’s year-old Cabinet.
However, the Premier won a political victory today when officers of the Lower House voted clown by 15 to 6 a Communist demand that Parliament be convened * immediately to debate the recent franc and pound devaluations.
A usually reliable source said that the Finance Minister (M. Maurice Petsche) told Cabinet that sterling devaluation was declaration of a "genuine monetary war” by Britain.
Cabinet discussions also included problems that would follow devaluation of the deutschmark.
French industry would be vitally concerned if the deutschmark were greatly devalued, because German prices -would undercut the French in the world market.
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Northern Advocate, 28 September 1949, Page 5
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176French Seek For Solution Northern Advocate, 28 September 1949, Page 5
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