FRENCH BUDGET DEFICIT.
DUE TO GERMAN DEFAULT. LOAN TO BALANCE ACCOUNTS Auiitralian ani 'N.Z- Cable, Association- v '- (Reccl. 1.35 a.m.) PARIS, Oct. 6. . Addressing the British Chamber of Commerce in Paris, the French Minister for Finance said the budget deficit of t-:\ 4000 million fran'is was dua to default in her, obligations with re.sp;ct ' to the devastated regions necessitating ioanii. France's naval and military ex-_ penditure had been reduced from 6300 million francs to less than 5000 million * • francs, which disposed of the accusation that France was militaristic. Her civil expenses had been reduced by 7000 millions and the civil receipts increased by 2000 million francs. He, did not propose new or increased taxation, or more paper money, bat would meet the deficit with a short-term loan. ... . . ,
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New Zealand Herald, Volume LIX, Issue 18215, 7 October 1922, Page 9
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127FRENCH BUDGET DEFICIT. New Zealand Herald, Volume LIX, Issue 18215, 7 October 1922, Page 9
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