FRENCH FINANCES.
DRASTIC ADJUSTMENTS.
HIGHER TAXES, LESS SPENDLNG.
{HeceiTed/ July" 3, 5.5 p.m.) PABIS, Jul7 3
Franco is taking heroic measures to meet thi!! national deficit. The Treasury Bust grid £Bl^ooo,ooo.
The Government's proposals pro Tide for i redaction in expenditure of £ZiI,OCO.OOO, y&cd iniTeased taxation amounting to £I9,OOO.i>DO. Army, nary and air force expenditure is to be reduced by a similar ft are. ,
Civil servants* salaries are to be reduced bv 5 per cent, and pensions are to be mocifed. / Parliamentary salaries fcre also to • be reduced..
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Bibliographic details
New Zealand Herald, Volume LXIX, Issue 21225, 4 July 1932, Page 9
Word Count
88FRENCH FINANCES. New Zealand Herald, Volume LXIX, Issue 21225, 4 July 1932, Page 9
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