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FRENCH FINANCES PLENARY POWERS APPROVAL BY SENATE CONFIDENCE RETURNING By Telegraph—Press Association—Copyright (Received October 6, 5.5 p.m.) PARIS, Oct. 5 The Minister of Finance, M. Marchandeau, assured the Senate to-day that the Government was only concerned with ensuring sound 'finances and the maintenance of the stability of the franc. He promised that the powers sought in the Plenary Powers Bill would not be used for any s other purpose.
The Senate adopted the bill in full by 286 votes to four. The first decrees will be published next week. In the meanwhile, public confidence is returning. French investors alone yesterday bought short-term bonds valued at £6,667,000. The chairman of tho Finance Commission of the Senate, Dr. Abel Gardey, reported that on the 1939 Budget he expected a deficit of £60,000,000. The Government's borrowing powers had been extended only for a' further £7,800,000. The Foreign Affairs Committee of the Senate has issued a statement announcing that France's foreign policy must be re-examined in the light of the Munich agreement.
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New Zealand Herald, Volume LXXV, Issue 23162, 7 October 1938, Page 11
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170BILL PASSED New Zealand Herald, Volume LXXV, Issue 23162, 7 October 1938, Page 11
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